Lennar (LEN): FY25 Q1 earnings call, Mar 21, 2025
No Kalshi or Polymarket word markets were listed for Lennar’s Mar 21, 2025 earnings call (FY25 Q1). The transcript is searchable below (quotes of at most 25 words).
UpdatedTranscript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
18 matches for “Incentive”; 5 quoted, at least 25 words apart.
…in our press release, our average sales price this quarter net of incentives declined to $408,000, 1% lower than last year. Evidence suggests that the…
…market has softened as affordability and consumer confidence have limited actionable demand. Incentives have been increasing and net housing prices seem to be moderating. At…
…did adjust and adapt to market conditions in real-time as we adjusted incentives and pricing, we achieved expected sales volumes and we did not enable…
…note, our margins are actually quite strong, except for the approximately 13% incentive, we are using to enable affordability. These are outsized for the moment…
…sales to enable affordability. As a result, during the first quarter, sales incentives rose to approximately 13%, reducing our gross margin to 18.7%. Our SG&A…
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