Lennar Reports 9-Year Low Average Selling Price, Positively Impacting Home Depot
Homebuilder Lennar reported a 2% increase in second-quarter home deliveries but saw its average selling price drop to $371,000 — the lowest in nine years. The decline is attributed to affordability challenges and incentives aimed at boosting demand. Lower prices are expected to improve housing affordability, potentially increasing existing home sales and benefiting retailers like Home Depot.
Topics: consumer behavior homebuilding real estate affordability retail