10 year bond is yawning after this 1/2 pt hike. Housing situation is calming down after peak bad news. Regardless, intelligent companies building homes can adjust where needed, building new homes for anyone at a Profit. Perhaps no basement, only 3BRs or townhomes - they will build what the market can bear & continue to earn $$$ - This isn't 1999 or 2008, it's 2022 & there's a very real housing shortage.
M
Good opportunity to cash out on winning short positions this morning, 52 week low & everything. Too bad it was just another quick round of over hyped interest rate fears.. meanwhile, 10 yr bond still anchored..
n
$38 price target. Why it was up today is mind boggling. Rising rates on mortages will bring LEN back to reality.
J
Been shorting as well. Ever since rates were rising, the RE market has slid down every month. This is a company getting it's Karma whammy for stiffing the RE agents with no commissions and shafting the Ryland employees after they took over Ryland Homes.
L
Glad the market is closed...Fed banker just said 75 basis point increase in NOT off the table ... LEN could have dropped another 10 just on that comment.
M
Bad news ongoingly acting as good news to keep rates & Fed in check...Great for homebuilders who have yet to come anywhere near over building homes due to supply chain constraints. They're gonna be very busy these next few years!
M
More home builders like BZH opting to buy back shares at these fire sale prices. Clearly, they're optimistic about their own businesses moving forward >>>
J
Come on man. This is way overvalued. This will be another Opendoor stock with lots of inventory and no buyers. But Opendoor charges a 5% service fee plus repair fees. Homebuilders will have to reduce prices with fire sales and offer more closing cost incentives as interest rates keep rising. Not a good time to buy these overpriced homes at 6%. Summertime we'll see 7%. It's going to get ugly Brandon Boys !
w
Another rally since the fed rate increases might not be as rapid.... considering the news today
J
Love seeing this stock sink lower. Payback ! Real estate agents are laughing at this CEO. Homebuyers are being directed to resales since agents are getting paid commissions. That's what happens when you stiff RE agents ! Bye -bye Lennar !
L
Sell the rip kids! When its green, its a selling apportunity! Rates will crush housing, builders, and construction retailers...Fed will only lower rates when inflation is not super heated and the market has crashed. Dont fight the Fed!
K
LEN NAIL DHI are good until winter time starts as usual!
M
Lookin like a scary time to be shorting this - Bad news peak recently & this is slowly rising
l
My average is $85 which is not bad :)
K
Are we heading back to $90 shortly guys!
L
DOW and Lennar holding up well, considering WWIII about to start. I predict a very radioactive summer for Europe and Western Ukraine. Or brilliant leaders in washington just approves a bill that nearl garantees it.
K
LEN NAIL DHI FB UPST are back to haunt the newly shorts....
s
Super easy Put day. This and XHB. Can't hold any upward movement.
L
No volume melt up, short covering?
L
This is going to tank hard the next few months,,,
"Construction spending disappointed, coming in 0.4% below expectation. It was up 0.5%. The expectation was a 0.9% increase. This reflects an increase in the dollars spent on construction, not an increase in construction per see. Peter said he thinks construction is slowing down due to rapidly rising costs."
Too bad it was just another quick round of over hyped interest rate fears.. meanwhile, 10 yr bond still anchored..
"Construction spending disappointed, coming in 0.4% below expectation. It was up 0.5%. The expectation was a 0.9% increase. This reflects an increase in the dollars spent on construction, not an increase in construction per see. Peter said he thinks construction is slowing down due to rapidly rising costs."