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Is Lennar's Future Built On Shifting Sands?
LENLennar(LEN) Seeking Alpha·2024-06-18 20:39
jetcityimage Introduction It's time to talk about home builders - one home builder in particular. The Lennar Corporation (NYSE:LEN) is America's second-largest home builder and one of the best-performing S&P 500 (SP500) stocks over the past five years. Going back to 2019, LEN shares have more than tripled, outperforming the S&P 500 by more than 100 points. Data by YCharts This surge was supported by massive housing shortages. Even elevated rates could not keep home builders from flying, which was simply ...