Lennar says housing market seems solid and strong, continues to improve

(official)-lennar corp expects q4 deliveries between 15,800 homes to 16,000 homes (not 18,500 homes to 16,000 homes).lennar corp expects q4 deliveries to be between 15,800 to 16,000 homes.lennar corp - combination of lower interest rates, slower price depreciation positively impacted affordability strengthening q3 sales - conf call.lennar corp - not giving specific guidance for 2020 at this time but optimistic about the prospects for next year - conf call.lennar corp - entry level market accounts for about 40% of business, will continue to increase as more first time buyer communities come online.lennar corp - q3 2019 gross margins were impacted by lower average sales prices as we target more first-time homebuyers, lower-priced homes.lennar corp expects q4 gross margin to be in the range of 21.25% to 21.5% and sg&a to be in the range of 7.7% to 7.8%.lennar corp expects q4 new orders to be between 12,200 and 12,400 homes.lennar corp says on upcoming potential recession, housing market in general seems solid and strong and continues to improve.
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