Gary Bolis Jr

Great Read, click on link for original post: https://www.builderonline.com/money/profits/lennar-posts-240-million-q1-profit_o LENNAR POSTS $240 MILLION Q1 PROFIT Despite market 'choppiness,' deliveries and orders surge while backlog slips. Lennar Corporation (NYSE: LEN and LEN.B), today reported net income of $239.9 million, or $0.74 per diluted share, for its first fiscal quarter ended February 28, 2019. The gain compared to first quarter net earnings attributable to Lennar in 2018 of $136.2 million, or $0.53 per diluted share. Analysts were expecting a gain of $0.75 per share. A Lennar home. The results included: • Deliveries of 8,820 homes – up 30% • New orders of 10,463 homes – up 24%; new orders dollar value of $4.2 billion – up 23% • Backlog of 17,259 homes – down 2%; backlog dollar value of $7.1 billion – down 7% • Revenues of $3.9 billion – up 30% • Home building operating margins of $384.9 million, compared to $258.1 million • Gross margin on home sal...

Gread Read: Get your PSA's checked at your next doctors appointment. Early Detection is crucial. https://www.pcf.org/news/study-finds-upsurge-in-active-surveillance-for-low-risk-prostate-cancer/ Original Press Release Issued by: Dana-Farber Cancer Institute Many men with low-risk prostate cancer who most likely previously would have undergone immediate surgery or radiation are now adopting a more conservative “ active surveillance ” strategy, according to an analysis of a new federal database by scientists from  Dana-Farber Cancer Institute . Brandon Mahal, MD The use of active surveillance increased from 14.5 percent to 42.1 percent of men with low-risk prostate cancer between 2010 and 2015, said the researchers, led by Brandon Mahal, MD, from the department of radiation oncology at Dana-Farber/Brigham and Women’s Cancer Center who led the study published by  JAMA. During that same period, the percentage of men undergoing  radical prostatectomy  (removal ...

Great read: https://www.builderonline.com/money/economics/builder-confidence-steady-in-march_o Builder confidence held steady at 62 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released Monday. “Builders report the market is stabilizing following the slowdown at the end of 2018 and they anticipate a solid spring home buying season,” said NAHB Chairman Greg Ugalde, a home builder and developer from Torrington, Conn. Chad McDermott Adobe Stock “In a healthy sign for the housing market, more builders are saying that  lower price points are selling well , and this was reflected in the government’s new home sales report released last week,” said NAHB Chief Economist Robert Dietz. “Increased inventory of affordably priced homes – in markets where government policies support such construction - will enable more entry-level buyers to enter the market.” However, affordability still remains a key concern for build...

Great read, good news: click on link for more: https://www.marketwatch.com/story/pending-home-sales-roar-back-suggesting-a-spring-uptick-for-housing-2019-02-27    ‘The reopening of the government (was) very beneficial to the market,’ the Realtors say By ANDREA RIQUIER   Bloomberg News/Landov A sale pending sign stands in front of a home in Massachusetts. The numbers:  A measure of pending home-sales jumped 4.6% in January, the  National Association of Realtors said Wednesday . Sales were 2.3% lower than a year ago, making January the 13th straight month of year-over-year declines. What happened:  NAR’s pending home-sales index, which tracks home contract signings, registered at a reading of 103.2 in January after it touched a nearly five-year low in December. Most economists expected the January bounce. And the trade group itself said the reopening from the partial government shutdown brought an expected boost to early-year ...

Interesting Read:  http://nahbnow.com/2019/03/bipartisan-tax-extenders-bill-introduced-in-senate/ Bipartisan Tax Extenders Bill Introduced in Senate Filed in  Capitol Hill   on March 1, 2019  •  Senate Finance Committee Chairman Charles Grassley (R-Iowa) and Ranking Member Ron Wyden (D-Ore.) have introduced the Tax Extender and Disaster Relief Act of 2019, NAHB-supported legislation that would reinstate and extend key housing tax provisions through Dec. 31, 2019. Of note to the housing community, the legislation addresses what is known as the “tax extenders,” a series of temporary tax provisions that expired at the end of 2017. The bill would retroactively reinstate in 2018 and extend the following expired tax provisions through 2019:  Deduction for Mortgage Insurance . Allows taxpayers, subject to an income cap beginning at $100,000, to deduct premiums paid for private mortgage insurance and FHA/RHA/VA insurance premiums.  Section 45L Tax Credit for ...