Lennar Reports 9-Year Low Average Selling Price, Positively Impacting Home Depot
Homebuilder Lennar reported a 2% increase in home deliveries for its fiscal second quarter but saw an average selling price drop to $371,000 — the lowest in nine years. This decline is attributed to affordability challenges and incentives aimed at boosting demand. The lower prices are expected to stimulate existing home sales, benefiting retailers like Home Depot as new homeowners undertake renovation projects.
Topics: consumer demand homebuilders real estate retail