TSX:IFP - Post Discussion
Post by
lifeisgood1010 on Dec 16, 2021 9:44am
Lennar take 2
Lennar is down at the open not because of lack of growth in 2022
but because of a miss on EPS and margins.
These miss were because of input costs(Lumber, labour land..) increase.
For me as a lumber company owner, what matters is that they are forcasting
a 12% growth in unit to be built in 2022.
All homebuilder in the US are forcasting increase sales unit for 2022
Here is the latest comments from the NAHB
« For 30 years people were willing to accept smaller houses, and now they want an exercise room because if they are in lockdown again, they want to get some exercise. They want a home office. People want a porch or a patio, a deck, something where they can sit outside. All lessons learned from the pandemic." »
National Association of Home Builders CEO Jerry Howard said rising inflation doesn’t seem to be hurting homebuilder sentiment, arguing that new homes can't be built fast enough amid strong demand.
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