United States

Dominic Roshan K L

Lennar cuts California home prices to boost sales after U.S.-China trade war

Jan 08 2020

Lennar Corp cut average prices by 6% for its homes in western United States, including California, during the fourth quarter as affluent Chinese buyers have been spooked by the Sino-U.S. trade war and the state's ever increasing home prices.

Lennar sees 2020 home sales above estimates as lower prices boost demand

Jan 08 2020

Lennar Corp on Wednesday forecast 2020 home sales above analysts' estimates, encouraged by strong demand on the back of lower home prices and mortgage rates, sending its shares up 3%.

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