Lennar Corporation (NYSE:LEN) Q3 2020 Earnings Conference Call - Final Transcript

Sep 15, 2020 • 11:00 am ET

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Lennar Corporation (NYSE:LEN) Q3 2020 Earnings Conference Call - Final Transcript

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Q & A
Executive
Stuart Miller

capital in that direction. I think that what you're seeing in the way that we're managing our business as the market has ramped up very quickly, is a controlled program of moving forward of growing our business and expanding our production. But doing so in an orderly fashion, focusing on returns and making sure that we're also focused on not selling way out of the head, dirt sales where costs are less certain, but instead, inventory homes that are under production that increase our inventory turns as well. So this is a very detailed strategy that we're very pleased with the way that we've executed. And it's not -- as I said earlier, we think that the dynamics of the market right now are poised for a future growth rate that continues along the lines that you're seeing today. I'm not talking enough for Lennar, I'm talking for the industry overall. We think that the market is strong and is likely to remain strong, and we're likely to see an expansion for homebuilding for the foreseeable future.

Analyst
Jack Micenko

Thank you.

Executive
Stuart Miller

You welcome, and I want to thank everybody for joining us today, and we look forward to reporting back at the end of our fourth quarter. Thank you.

Operator
Operator

[Operator Closing Remarks]