Can Lennar's Tech Bets Like Opendoor Drive Future Value?
Key Takeaways Lennar's ASP dropped 6.7% year over year to $393K, pressuring revenues in a tight housing market.The Opendoor Trade-Up program aims to ease affordability hurdles by streamlining home sales for Lennar buyers.AI-driven tools like the Lennar Machine could boost efficiency and margins in the long term for Lennar.Lennar Corporation (LEN) is stuck amid the housing market weakness as homebuyers are oscillating between high mortgage rate challenges and new home ownership. Moreover, to ease the pain of ...