America’s Biggest Homebuilder Just Revealed a Serious Housing Problem

Lennar's incentives are averaging 12% of the sales price and new orders still fell 9% year-over-year. Their own Executive Chairman just admitted conditions have "deteriorated." I checked the actual numbers: margins cut in half, stock down 50% from its peak, and mortgage rates closing in on 8% for the first time in 26 years. Sources: Lennar earnings call, National Association of Home Builders, Mortgage News Daily, Redfin Track your own finances with Monarch - get 50% off your first year with my link: https://monarch.com/referral/u2ef18o3ag