April 13, 2006 at 7:38 AM #6478powaysellerParticipant
Although the title of the UT article sounds so upbeat (Lennar to house urban divisions under one roof), it’s basically a layoff. Lennar is laying off 1/3 of its 25 employees in its SD urban division.
Home builders, realizing their profits are in jeopardy, are cost cutting and reorganizing before next quarter’s results can show a downtrend in sales/profits.April 13, 2006 at 3:06 PM #24194BugsParticipant
A penny saved is a dollar earned right about now.
Little tidbit here. I was looking over the recent sales figures from one of the Lennar projects at Bressi Ranch last week and I noticed that although that project hadn’t changed its base prices from 3rd qtr 2005 it had stopped adding all the “options and upgrades” onto the sale prices. The base prices for that project now include what used to be at least $40,000 worth of extras. The final prices for the sales currently closing are lower than they were in 2005, the high point being the beginning of the 3rd quarter.April 13, 2006 at 3:54 PM #24196FarlsParticipant
Lennar offering 5% Realtor commission
I just received this email today:
Calling All Agents!
EARN UP TO 5% BROKER
CO-OP AT PORTA D’ITALIA!
…in the heart of Little Italy
City and ocean views are available!
Parking is included with each home!
Amenities include a fitness center, club house, elevators and courtyards with BARBQ.
Open Daily 10-6pm
Model homes to view!
Studio: From $258,000
1 Bedroom: From $315,000
2 Bedroom: From $435,000
1970 Columbia St.
San Diego, CA 92101
**To qualify for a broker co-op, client’s agent must accompany his client’s first visit to the Welcome Home Center. No referral fee will be paid when agent/broker is acting as principal/buyer. Lennar reserves the right to discontinue this program at any time. Prices are subject to change. See sales associate for more details.
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