Company
Lennar Corporation (NYSE: LEN) is one of the largest U.S. homebuilders, focused on entry-level and first-time buyers, especially in the Sun Belt.
Berkshire under Greg Abel paid $6.8 billion in equity for Taylor Morrison, then lifted its Lennar stake 94% in the third quarter, ResiClub calculates. Abel told CNBC he does not envision a quick housing recovery, and the payoff is years away.
Reality
Hunterbrook Media reporters found none of 75 Millrose-owned homes in Florida and Texas appeared occupied in late September. Hunterbrook Capital discloses it is short both Millrose and Lennar, so the finding comes with a position attached.
Reality
Greg Abel added 48.1 million Alphabet shares in his second full quarter as CEO, with roughly 60% of the spend routed through a private placement tied to Google's June capital raise.
Perspective Coverage
4 publishersReality
Paying for outcomes sounds cleaner than paying for tokens until someone has to price the counterfactual, and the measurement that would make NavigateAI's cut defensible has to be run inside the builder buying it.
Reality
Builders held 487,000 new single-family homes for sale in August, 8.5 months of supply, while sales stayed at 2019's pace of 57,000. Lennar keeps its homes selling at a net price 24% below 2022, on a gross margin that has fallen to 15.8% from 29.2%.
Reality