Lennar Shares Surge on Report of Proposed 'Trump Homes' Plan to Ease Housing Affordability

Lennar and Taylor Morrison Home shares rose 4% after a Bloomberg report on a proposed "Trump Homes" plan. The plan, which aims to ease the US housing affordability crunch, would involve builders selling entry-level homes into a pathway-to-ownership program funded by private investors. The plan could involve up to one million homes and has been discussed by builders including Lennar and Taylor Morrison Home. A White House official said the administration is not actively considering the plan.