Weaker U.S. economy and further pressure from rising mortgage rates will hurt forward demand, says a CFRA analyst on Lennar (LEN). Kenneth Leon and Brad Hunter discuss the state of the housing market. Brad notes that builder incentives such as mortgage rate buydowns are helping boost sales, but builders still need to move inventory. They also preview LEN's earnings released tomorrow, March 14th. They compare LEN to D.R. Horton (DHI), KB Home (KBH), and Toll Brothers (TOL). Tune in to find out more about the stock market today.
14 Mar 2023