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The company is benefiting from cost control and a focus on making its homebuilding platform more efficient. LEN is seeing higher demand for new homes due to declining mortgage rates and low inventory. The company has also lifted its average selling price and margin expectation for fiscal 2021.
As of the most recent quarter, the company had a quick ratio of 3.9 which indicates it has more than enough liquidity. From a growth standpoint, LEN has grown earnings by an average of 23.7% per year over the past five years.
