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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| LEN.B | -22.9% | +77.54% | +12.16% | +485% |
| S&P | +16.39% | +82.25% | +12.75% | +690% |
Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name. In addition, the company's homebuilding operations purchase, develop, and sell land to third parties. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.
Investors should know that this current market downturn is not 2008-09 for the homebuilders all over again.
The first quarter was tougher than management had hoped, but lower interest rates are bringing buyers back to the housing market.
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