LEN +2.50 having a good day after reporting a beat in earnings and revs and a strong outlook. Surprised there doesn;t seem to be any carry over into other home builders, at least so far.
The CEO commented "The housing market has proven to be robust in the current environment and we expect it to continue to be a significant driver in the recovery of the overall economy. As we look ahead to our third quarter, we expect to deliver between 15,800 – 16,100 homes while we expect homebuilding gross margins to continue to exceed prior guidance and be between 27.0% - 27.5%. With an excellent balance sheet and continued execution of our core operating strategies, we are extremely well positioned for a very strong 2021."
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