George Walker 02:45 AM 01/08/2023

$DHI $LEN $NVR $PHM $TOL $MTH $TMHC $SKY $KBH $MDC $LGIH $CVCO $TPH $CCS $MHO $GRBK $LEGH $BZH $HOV "This time is different". There is a big cushion between housing prices and debt, so 2008-like crush is not relevat to current decline in housing market. #Bullish

Barry Gardiner 06:38 PM 03/17/2021

Invitation Homes $INVH and American Homes 4 Rent $AMH both decline after homebuilder Lennar $LEN forms a venture that will compete with the single-family home rental companies. #buy

Barry Gardiner 04:38 PM 03/17/2021

$LEN announced the formation of the Upward America Venture which will be initially capitalized with a total equity commitment of $1.25B led by Centerbridge alongside Allianz Real Estate and other high quality institutional investor.

The platform will acquire single family homes for rent in high growth markets across the U.S.
Including leverage, the venture will be positioned to acquire $4B+ of new single family homes and townhomes from Lennar and potentially other homebuilders. #bullish