Lennar warns of hurricane-related delays to new-home deliveries

Lennar warns of hurricane-related delays to new-home deliveries

Housebuilder Lennar Corp. (NYSE:LEN) has warned that two back-to-back hurricanes in the US mean hundreds of home deliveries and orders will be delayed. Hurricane Irma, one of the most powerful.

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Miami, FL-based homebuilder Lennar Corporation LEN provided views regarding its fiscal third-quarter deliveries and new orders, post hurricanes, Harvey and Irma. The company said that the natural.

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Lennar Q3 New Orders, Deliveries Rise; Q4 Deliveries To Reflect Hurricane Impact . RTTNews.. potential delays in new home utility connections and building department inspection and permitting.

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Because of these factors, America’s largest homebuilder, Lennar (NYSE. rates and the Federal Reserve’s current policy to delay any further rate hikes in 2019 should most definitely bolster new home.

In the wake of Hurricane Irma, national homebuilder lennar corp. announced that hundreds of home deliveries would be delayed. Miami-based Lennar said Hurricane Irma’s path along the eastern.

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Miami, FL-based homebuilder Lennar Corporation LEN provided views regarding its fiscal third-quarter deliveries and new orders, post hurricanes, Harvey and Irma. The company said that the natural disaster is expected to cause delays in home deliveries. Lennar’s shares slipped 0.6% to $50.90 on Sep 14.

Do not buy from Legacy Housing LTD. – Pissed Consumer – It has been a headache ever since!! When we called to get answers on delivery and setup they kept blaming the delay on the rain. It hadn’t rained in a week. It took almost two weeks for them to finish setting up the house after delivery and another 2 weeks to get our air conditioner hooked up. I was just thankful that it wasn’t hot outside.

Lennar warns of hurricane-related delays to new-home deliveries Lennar Corp. anticipates that hurricane-related damage will delay its new-home deliveries temporarily, adding to home-inventory challenges in the mortgage market in the short-term..

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