Lennar's pricing power has declined sharply: profit margins halved from 9% to 4.8% and are dwindling, multi-unit residential revenue fell sharply after it stopped building that property type, and revenue is down 6%, driven by rising interest rates and a poor housing market; no upside case is given.
Jump to any passage
If you do not want to risk bankruptcy, you can invest in Rocket Mortgage or Lennar. As you know, Lennar is the company that Berkshire Hathaway is acquiring. I do not own any shares in Lennar, and I repeat, with complete transparency.
But as you know, their ability to set prices has declined significantly. Not like Schluter Bathrooms, but catastrophically. Look at Lennar. I have shares in Lennar here. Look at Lennar.
Profit margins have been halved. It decreased from 9% to 4.8%. Their profit margins are dwindling. It is not just a general decline, but a sharp decline in Lennar's profit margins due to rising interest rates.
As you know, their revenues from the multi-unit residential real estate sector have declined. They have effectively stopped building this type of property. Their revenues in the multi-unit residential real estate sector have declined sharply.
Their key figures also declined. 7759 billion divided by 8253.6. My main income has decreased by 6% because now is not a good time to buy real estate, as you know.