Lennar

History of Homebuilding: Homebuilding has been in decline since April 2022, and it was the following month when public sentiment realized they were facing a housing crisis. Notable causes were the sharp drop in new home building starts, sharp increases in federal funds rate, rising mortgage rates, peak of average/median home sales price, and high months' supply ratio.

Key Takeaways Transitioning to an asset-light model and spinning off Millrose enhance growth predictability and profitability, while reducing risk. Operational efficiencies and strategic acquisitions boost market presence and margins, driving revenue growth and shareholder value.