Top Calls: Lennar 3Q Report After the Close

The video discusses the robust performance of the home building sector, particularly Lennar, despite economic challenges. It highlights expected earnings surpassing consensus and increased sales volume due to reduced cycle times and sustained demand. The video also explores long-term trends, noting a decline in existing home listings and a rise in new home market share. Builders like Lennar are using pricing strategies and incentives, such as mortgage rate buy-downs, to maintain sales pace and affordability.

What is the expected performance of Lennar's earnings compared to consensus?

• Below consensus by 20 cents

• 20 cents or more ahead of consensus

• Not mentioned in the transcript

• At consensus level

What trend is observed in existing home listings during the summer?

• Increasing by 20%

• Fluctuating unpredictably

• Stable with no change

• Declining by mid 20%

How have new homes' share of national home listings changed recently?

• Increased to as much as 40%

• Not changed at all

• Remained at 10%

• Decreased to 5%

What strategy is mentioned as a tool for helping affordability in home sales?

• Increasing home prices

• Mortgage rate buy-downs

• Reducing home sizes

• Eliminating incentives

What approach does Lennar use to maintain its sales pace?

• Strictly fixed pricing

• Reducing marketing efforts

• Flexible pricing and incentives

• Focusing only on luxury homes