Homebuilders face the effects of coronavirus

(Disclosure: Rose Law Group represents Fulton Homes.)

By Dima Williams | Forbes

As the country seems to cautiously lock down in order to stem the spread of the coronavirus, homebuilders are embracing what is now becoming the new normal for the wider real estate industry – going virtual.

Miami-based Lennar Corp, one of the U.S. largest publicly traded homebuilders, is inviting buyers to its online showings and offering drive-through closings, said CEO Stuart Miller on a Thursday conference call.

“Even in the current environment, we are selling homes,” Miller said as reported by The Real Deal. “Since the first quarter, new orders continue to be strong.”

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March 23, 2020

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