Realtor.com reports 17% collapse in sales (Lennar price cuts surge)

New home sales from builders plummeted in early 2026, with Lennar cutting prices and Realtor.com overall sales dropping 17% MoM. Home builders are doing price cuts as low as below $160 PSF – which is replacement cost. DR Horton and Lennar are both cutting prices and the inventory on the market is at 9.7 months of supply. Access forecasts on www.reventure.app/mobile.

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