Did Lennar Just Crash the U.S. Housing Market?

Описание: America’s second-largest home builder just sent a major warning to the housing market. Lennar, which builds nearly 80,000 homes per year, is now aggressively slashing prices. Their average selling price is down 27% from the pandemic peak. We’re now seeing $210,000 homes near San Antonio and properties priced at $158 per square foot near Dallas — levels that are below replacement cost, according to the National Association of Home Builders.

So why is Lennar cutting prices this hard? And does this signal a broader housing downturn in 2026? The answer is inventory. Builder inventory across the U.S., especially in the South, is near record highs. Homes are piling up on lots, and Lennar is choosing to sell rather than wait. That means deep price cuts, mortgage rate buy-downs, and smaller floor plans.

And here’s the key insight. While prices are down 27%, Lennar’s orders have surged. They’re now roughly double pandemic levels and up 18% year over year. The message is clear, when prices fall, affordability improves, and buyers come back. The real question is whether the rest of the housing market follows this same playbook in 2026. Download Reventure Mobile App in app store now.
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