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Stock impact report

Homebuilders reportedly developing 'Trump homes' program to improve affordability [FOX Business Network]

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Homebuilders are reportedly developing a plan to address prospective buyers' concerns about affordability with what they're calling " Trump homes " that would cater to first-time homebuyers. Bloomberg reported, citing people familiar with the matter, that homebuilders including Lennar Corp. are developing a proposal that would see builders sell homes as part of a program backed by private investors, who would help finance the program. The outlet reported that one version of the proposal would see investors rent the homes to tenants and after three years, the tenants' monthly rental payments would count toward a down payment if they wanted to buy the home – though a person involved told Bloomberg the plan would be complicated to implement. It's unclear what the scope of the program would be, although Bloomberg's report indicated that builders have considered building up to 1 million homes, which would amount to over $250 billion in housing. Homebuilders first discussed the pro Show less Read more
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