Lennar Corp

NYSE:LENUnited States

03:21 AM EDT, 10/30/2024 (MT Newswires) -- Jeffrey Sonnenfeld, Director, on October 28, 2024, sold 17,500 shares in Lennar (LEN, LEN.B) for $3,064,775. Following the Form 4 filing with the SEC, Sonnenfeld has control over a total of 24,280 shares of...

By Shaina Mishkin

Employees may not be excited about going back to the office -- but investors sure are.

Office real estate investment trusts, or REITs, are on track for their best year since before the pandemic, despite numbers that show hybrid work has a firm grip on business.

1246 ET - America's housing stock continues to grow faster than it did before the pandemic-induced housing frenzy, as builders race to fill a shortage of 4.5 million homes. Zillow says about 1 million single-family homes were completed in 2023, the second-highest annual total since before the global financial crisis. That's about 11% more homes than were completed in 2019. To achieve this pace, builders pivoted toward higher density, building more townhomes as opposed to detached single-family homes--similar to what they did in 2022. Focusing on attached homes allows builders to overcome some of the challenges related to land acquisition costs and also provide homes that are more affordable to cost-challenged buyers. But the pace of construction is slowing, likely due in large part to weakening demand amid housing affordability challenges. (chris.wack@wsj.com)