Lennar profit dropped 74% due to slower sales in the Western and Central regions.  Home builders are facing competition from sellers in the resale market, which is affecting profitability.  Builders have been reducing prices as sales have slowed.  Sellers don’t always have to sell, they can stay and live in their home.  Builders must build and sell, as that is their business so they’ve been much more sensitive to pricing in the market.

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