Did Falling Treasury Yields Just Shift Lennar's (LEN) Stock Narrative?

Lennar recently expanded its footprint with new communities in Georgia, Alabama, New Jersey and downtown Las Vegas, while also issuing US$600 million of senior notes due 2029 and 2032 for general corporate purposes. The mix of fresh master planned projects and new fixed income funding highlights how Lennar is leaning on capital markets to support an asset light, land light build out across a wider set of housing markets and buyer profiles. We will look at how this sector wide homebuilder...