LEN I was surprised that they expect new orders in Q4 to be higher than they were last quarter despite higher mortgage rates. LEN and most all of the other builders are now trading below tangible book value. There remains a large shortage of housing as evidenced by rapidly rising rents.
LEN is now trading up about 2% as investors reassess their latest report.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.