Lennar (LEN) Breaks Ground On Broadcast District After Expansion Narrative Points To Fair Value

Lennar (LEN) just broke ground on Broadcast District, a mixed-use community planned for 441 homes wrapped around a 120,000-square-foot retail hub anchored by Whole Foods Market. The Broadcast District announcement lands after a tougher stretch for Lennar investors, with the share price down 26.4% year to date and the 1 year total shareholder return declining 33.6%. A recent 7 day share price gain of 3% hints at slightly improving short term momentum as markets reassess its growth projects and...