Jim Cramer on Lennar: “They Need Lower Interest Rates to Sell More Homes”

When I was going astir with Hassett, 1 happening I was thinking… I was reasoning astir Lennar. They request little involvement rates to merchantability much homes. And I said that to Hassett, I said, look, you know, we gotta determination much homes. The location gathering is simply a large manufacture successful our country, oregon astatine slightest it punches supra its weight. It’s lone 10% of the existent industry.

Lennar Corporation (NYSE:LEN) builds and sells single-family and multifamily homes, develops residential land, and manages rental properties for buyers ranging from first-time to luxury. During the April 21 episode, a caller mentioned that they bought LEN and TOL aft proceeding bullish comments from Cramer and added that LEN banal has been down. The Mad Money big responded:

You bargain Lennar. I saw, I work done D.R. Horton, the largest location builder, I work done the league telephone today. I said, beatified cow. The operation of that chap who was connected the Hill today, Warsh, and this, you’re going to marque wealth successful the location builders. I deliberation you bargain immoderate Lennar tomorrow, and Stuart Miller volition not fto you down, spot me.

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