Market Chatter: Lennar, Taylor Morrison Among Companies Planning 'Trump Homes' Project

MT Newswires Live02-03 23:29

Lennar (LEN) and Taylor Morrison Home (TMHC) are among the companies that are working on a plan to develop "Trump Homes" that seeks to address the housing affordability crisis and allow private capital to deploy billions of dollars, Bloomberg reported Tuesday, citing people familiar with the plan.

The proposal calls for builders to sell entry-level homes into a pathway-to-ownership program financed by private investors, Bloomberg reported, citing the people.

Lennar and Taylor Morrison didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 115.81, Change: +7.07, Percent Change: +6.50

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