June 25, 2019 / 3:51 PM / 20 days ago

Homebuilder Lennar says tariffs on Chinese goods a headwind

(Reuters) - Lennar Corp said on Tuesday the impact of tariffs on Chinese goods resulted in a headwind of about $500 per home on average.

The No.2 U.S. homebuilder expects to see margins improve through the rest of the year as incentives subside, President Jonathan Jaffe told investors on a post earnings conference call.

Reporting by Rachit Vats and Ankit Ajmera in Bengaluru

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