{"id":62687,"date":"2026-04-01T03:05:02","date_gmt":"2026-04-01T01:05:02","guid":{"rendered":"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/"},"modified":"2026-04-01T03:05:02","modified_gmt":"2026-04-01T01:05:02","slug":"lennar-land-bank-exposure-under-the-microscope","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/lennar-land-bank-exposure-under-the-microscope\/","title":{"rendered":"Lennar land bank exposure under the microscope"},"content":{"rendered":"<div>\n<p>All eyes are on <strong>\u041b\u0435\u043d\u043d\u0430\u0440<\/strong>\u2019s forthcoming 10-K filing, maybe as soon as Thursday, as a wave of investor questions converges around one central issue: How much financial risk \u2013 recognized or not \u2013 sits inside the company\u2019s land-light strategy?<\/p>\n<p>In recent days, that question has pitched from a routine analyst inquiry into a whirlwind of accounting scrutiny, <a href=\"https:\/\/seekingalpha.com\/article\/4885909-lennars-margin-pressures-persist\">capital markets skepticism<\/a> and sharply different interpretations.<\/p>\n<p>For now, the point is this:<\/p>\n<p>The answers are not yet fully known. What matters for homebuilding leaders is how and why those questions are being asked and what <em>\u044f\u0432\u043b\u044f\u0435\u0442\u0441\u044f<\/em> known. <\/p>\n<p>And a big part of what<em> \u044f\u0432\u043b\u044f\u0435\u0442\u0441\u044f<\/em> known is that Lennar\u2019s bold strategy to shift a key part of its business away from land and real estate speculation toward a data-driven focus on design, construction, retail marketing, sales, and customer service for its homes and neighborhoods has been exactly that \u2013 bold, and difficult.<\/p>\n<p>What\u2019s more, the timing for undertaking such a major transformation was never going to be perfect. <\/p>\n<p>As it turns out, however, it could have been a whole lot better than it is now. It has been, is and will likely continue to be a time with an ugly-but-true label: VUCA. VUCA stands for volatility, uncertainty, complexity and ambiguity.<\/p>\n<p>It\u2019s those last two \u2013 complexity and ambiguity \u2013 that figure most prominently in this analysis.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-a-statement-meant-to-reassure-and-the-reaction-it-triggered\"><strong>A statement meant to reassure \u2013 and the reaction it triggered<\/strong><\/h2>\n<p>On March 30, <a href=\"https:\/\/newsroom.lennar.com\/2026-03-30-Lennar-Statement-on-Land-Light-Strategy\">Lennar issued<\/a> a public statement addressing its land-light strategy, its use of land banks, and its accounting treatment.<\/p>\n<p>\u201cThe structure, costs, and accounting treatment associated with our land-light strategy have been consistently and transparently disclosed in Lennar\u2019s public filings,\u201d the company said. \u201cWe are confident in the accuracy of our financial statements and the adequacy of our public disclosures.\u201d<\/p>\n<p>Lennar characterized the strategy as a long-term transformation:<\/p>\n<p>\u201cWe made a strategic decision to migrate our business from a model built around on-balance sheet land ownership\u2026 to one built around land option platforms,\u201d the company said, adding that the goal was to operate \u201cas a manufacturing company: disciplined, capital-efficient, and focused entirely on the process of building homes.\u201d<\/p>\n<p>The company also highlighted the operational principles of the model:<\/p>\n<p>\u201cThis model strengthens returns on inventory and equity over the long term and builds a more resilient homebuilding enterprise.\u201d<\/p>\n<p>The goal was clear: address increasing investor questions and boost confidence. The reaction to the press release proved to be more complicated, only adding fuel to speculation that something\u2019s up.<\/p>\n<p>\u041a\u0430\u043a <strong>Evercore ISI<\/strong> senior managing director Stephen Kim <a href=\"https:\/\/www.evercore.com\/our-business-and-capabilities\/equities\/research\/\">\u043f\u0440\u0438\u043c\u0435\u0447\u0430\u043d\u0438\u044f<\/a>, the release \u201cadded extra drama to an already intense debate,\u201d and \u201cprobably did more harm than good,\u201d amplifying attention rather than resolving it.<\/p>\n<p>At the heart of the debate is not Lennar\u2019s business strategy itself \u2013 but how its financial tactics and for accounting purposes recordings are measured, timed and disclosed.<\/p>\n<p>Three interweaving financial and operational flows are driving investor concern.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-option-maintenance-fees-and-when-they-show-up\"><strong>Option maintenance fees \u2013 and when they show up<\/strong><\/h2>\n<p>Under Lennar\u2019s land-light model, the company pays ongoing fees to land banking partners to maintain purchase options.<\/p>\n<p>As one large regional homebuilding company\u2019s top strategic executive told me:<\/p>\n<p>\u201cAn unmentioned factor is the impact of the <strong>Millrose<\/strong> deal \u2013 and the lot purchase obligations at ever-increasing prices \u2013 on their production strategy.\u00a0My understanding is that the Millrose contracts have cross defaults and they have no alternative to continuing to gag down the lots. This is probably creating pressure to keep starting houses.\u201d\u00a0<\/p>\n<p>These fees:<\/p>\n<ul class=\"wp-block-list\">\n<li>Are paid in cash today<\/li>\n<li>Often capitalized on the balance sheet<\/li>\n<li>And recognized later through cost of goods sold<\/li>\n<\/ul>\n<p>As Evercore\u2019s Stephen Kim explains, these fees are \u201cpaid in cash but capitalized on the balance sheet,\u201d with the effect that they \u201cwill lead to lower gross margins in future periods when [they are] eventually amortized.\u201d<\/p>\n<p>That timing dynamic is standard in homebuilding accounting.<\/p>\n<p>What\u2019s under scrutiny is scale.<\/p>\n<p>Management has previously indicated that Millrose-related fees would represent \u201croughly 100bps headwind to gross margins over the next two years.\u201d<\/p>\n<p>The question now is whether the broader system extends beyond that.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-how-large-is-the-total-land-bank-exposure\"><strong>How large is the total land bank exposure?<\/strong><\/h2>\n<p>Millrose is only part of the picture. Investor attention and questions have turned to what lies beyond Millrose \u2013 i.e. other large institutional investment-backed land banks \u2013 which may or may not involve a whole lot more risk:<\/p>\n<ul class=\"wp-block-list\">\n<li>Exposure to other institutional land banks<\/li>\n<li>The scale of capitalized costs tied to those relationships<\/li>\n<li>And the degree of disclosure clarity<\/li>\n<\/ul>\n<p>Evercore notes that the balance sheet line \u201cDeposits and pre-acquisition costs\u201d has grown significantly \u2013 even as optioned lot counts declined \u2013 leading some investors to infer that non-Millrose exposure could be \u201c2x to 3x as large.\u201d In other words, not a 1% drag on earnings, but rather a 2%-to-3% drag.<\/p>\n<p>That conclusion is not confirmed.<\/p>\n<p>But this debate about what is \u201cunder the hood\u201d at Lennar has intensified.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-what-s-inside-the-accounting-and-what-isn-t\"><strong>What\u2019s inside the accounting \u2013 and what isn\u2019t<\/strong><\/h2>\n<p>A counterpoint under review is that this balance sheet growth indicates more than just land banking.<\/p>\n<p>Evercore emphasizes that the line includes multiple components:<\/p>\n<ul class=\"wp-block-list\">\n<li>Infrastructure spending, including Municipal Utility District investments<\/li>\n<li>Land development costs subject to reimbursement<\/li>\n<li>Property taxes and other pre-acquisition expenses<\/li>\n<\/ul>\n<p>In fact, the firm notes that \u201cit is a mistake to think that OMF is the primary driver,\u201d adding that such fees likely accounted for \u201cless than half\u201d of recent increases.<\/p>\n<p>Infrastructure spending alone may account for \u201cover $300 million\u201d of recent growth.<\/p>\n<p>This matters because it introduces a materially different interpretation:<\/p>\n<p>Some of the apparent buildup may represent temporary, reimbursable, or timing-related costs\u2014not structural margin pressure.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-the-more-aggressive-interpretation-and-its-limits\"><strong>The more aggressive interpretation \u2013 and its limits<\/strong><\/h2>\n<p>\u0410\u043d <a href=\"https:\/\/newsletter.hntrbrk.com\/p\/what-lennar-owes?utm_source=post-email-title&amp;publication_id=2442504&amp;post_id=192744856&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=2j57d9&amp;triedRedirect=true&amp;utm_medium=email\">analysis from Hunterbrook<\/a> advances what amounts to a sharply critical \u201ckitchen sink\u201d thesis, where a host of issues and inferences are heaped into a grand narrative of unstated business risk. It argues that Lennar\u2019s land banking model may involve substantial ongoing costs:<\/p>\n<p>\u201cLennar\u2019s pivot to land banking has locked the company into paying\u2026 more than $2 billion a year in annual fees,\u201d according to its estimates.<\/p>\n<p>It further contends that these costs may not be immediately reflected in earnings:<\/p>\n<p>\u201cInstead, Lennar appears to be capitalizing some of these disbursements\u2014recording billions\u2026 as though it is an asset\u2026 This approach\u2026 enables Lennar to present better earnings today, at the expense of worse (cost-of-goods-sold) COGS \u00a0tomorrow.\u201d<\/p>\n<p>At the same time, the analysis itself acknowledges limits:<\/p>\n<ul class=\"wp-block-list\">\n<li>The accounting treatment \u201cmay be perfectly legal\u201d<\/li>\n<li>Key details of agreements \u201care largely kept private\u201d<\/li>\n<\/ul>\n<p>For business leaders, rather than the conclusion, the analysis signals the range and depth of concerns around interpretations in play.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-context-strategy-under-pressure-not-in-isolation\"><strong>Context: strategy under pressure, not in isolation<\/strong><\/h2>\n<p>Any assessment of these issues must be based on Lennar\u2019s operating environment.<\/p>\n<p>\u041a\u0430\u043a <a href=\"https:\/\/www.housingwire.com\/articles\/lennar-margin-circuit-breaker-stuart-miller-housing-strategy\/\">detailed in recent coverage<\/a>, the company has:<\/p>\n<ul class=\"wp-block-list\">\n<li>Prioritized volume over margin<\/li>\n<li>Used pricing and incentives as a \u201ccircuit breaker\u201d<\/li>\n<li>Focused on maintaining production flow despite affordability constraints<\/li>\n<\/ul>\n<p>As CEO Stuart Miller stated, the strategy is to drive \u201cconsistent volume and match production and sales pace,\u201d using margin as a control mechanism. Miller\u2019s characterization here beams a second lens on current performance:<\/p>\n<ul class=\"wp-block-list\">\n<li>Margin compression may reflect strategic pricing choices<\/li>\n<li>Or embedded costs yet to be recognized<\/li>\n<\/ul>\n<p>Untangling those drivers is at the core of current investor analysis.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-what-the-10-k-may-be-expected-to-clarify\"><strong>What the 10-K may be expected to clarify<\/strong><\/h2>\n<p>Against this backdrop, the upcoming 10-K filing has become a focal point. Not because it will resolve every question \u2013 but because it could speak to and clarify several key areas:<\/p>\n<ul class=\"wp-block-list\">\n<li>The scale of exposure to land banks beyond Millrose<\/li>\n<li>The composition of capitalized costs on the balance sheet<\/li>\n<li>The timing of expense recognition tied to option agreements<\/li>\n<li>The forward implications for margins and cash flow<\/li>\n<\/ul>\n<p>Then again, it also may test whether Lennar\u2019s existing disclosures are sufficient \u2013 or whether greater granularity may now be required. Stakeholders can tolerate only just so much volatility, uncertainty, complexity and ambiguity, after all.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-why-this-matters-beyond-lennar\"><strong>Why this matters beyond Lennar<\/strong><\/h2>\n<p>If you think this is just a Lennar story, think again. It reflects a broader industry pivot we\u2019ve seen play out dramatically over the past couple of years:<\/p>\n<ul class=\"wp-block-list\">\n<li>Asset-light land strategies<\/li>\n<li>Institutional capital partnerships<\/li>\n<li>More complex financial structures<\/li>\n<\/ul>\n<p>Lennar stands as one of the most scaled and boldest implementations of that model. The current moment functions as a real-time case study, and this particular real-time is no ordinary time at all. It\u2019s a VUCA moment and it will stress-test the land-light-asset-light formula\u2019s capacity to shield homebuilders\u2019 notorious cyclical vulnerability. The idea \u2013 and <strong>\u041d\u0412\u0420<\/strong>\u2018s practice of it \u2013 are right on. For others, the question remains one of how complexity, transparency and market expectations intersect when conditions tighten.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-a-question-not-a-verdict\"><strong>A question, not a verdict<\/strong><\/h2>\n<p>At this stage, three realities coexist:<\/p>\n<ul class=\"wp-block-list\">\n<li>Investor concerns around scale, timing, and disclosure are real<\/li>\n<li>More measured analysis suggests some interpretations may overstate risk<\/li>\n<li>And definitive answers depend on disclosures not yet fully available<\/li>\n<\/ul>\n<p>That leaves the market \u2013 and the industry \u2013 asking a familiar question: How far the asset-light model can stretch before its complexity becomes a focal point of risk.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>All eyes are on Lennar\u2019s forthcoming 10-K filing, maybe as soon as Thursday, as a wave of investor questions converges around one central issue: How much financial risk \u2013 recognized or not \u2013 sits inside the company\u2019s land-light strategy? In recent days, that question has pitched from a routine analyst inquiry into a whirlwind of [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-62687","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.5 (Yoast SEO v18.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lennar land bank exposure under the microscope - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/lennar-land-bank-exposure-under-the-microscope\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lennar land bank exposure under the microscope\" \/>\n<meta property=\"og:description\" content=\"All eyes are on Lennar\u2019s forthcoming 10-K filing, maybe as soon as Thursday, as a wave of investor questions converges around one central issue: How much financial risk \u2013 recognized or not \u2013 sits inside the company\u2019s land-light strategy? In recent days, that question has pitched from a routine analyst inquiry into a whirlwind of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/housesmarketplace.com\/ru\/lennar-land-bank-exposure-under-the-microscope\/\" \/>\n<meta property=\"og:site_name\" content=\"Houses Marketplace\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-01T01:05:02+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 \u043c\u0438\u043d\u0443\u0442\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/housesmarketplace.com\/#website\",\"url\":\"https:\/\/housesmarketplace.com\/\",\"name\":\"Houses Marketplace\",\"description\":\"International Real Estate\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/housesmarketplace.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/#webpage\",\"url\":\"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/\",\"name\":\"Lennar land bank exposure under the microscope - Houses Marketplace\",\"isPartOf\":{\"@id\":\"https:\/\/housesmarketplace.com\/#website\"},\"datePublished\":\"2026-04-01T01:05:02+00:00\",\"dateModified\":\"2026-04-01T01:05:02+00:00\",\"author\":{\"@id\":\"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d\"},\"breadcrumb\":{\"@id\":\"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/housesmarketplace.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lennar land bank exposure under the microscope\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/housesmarketplace.com\/#personlogo\",\"inLanguage\":\"ru-RU\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/housesmarketplace.com\/ru\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Lennar land bank exposure under the microscope - Houses Marketplace","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/housesmarketplace.com\/ru\/lennar-land-bank-exposure-under-the-microscope\/","og_locale":"ru_RU","og_type":"article","og_title":"Lennar land bank exposure under the microscope","og_description":"All eyes are on Lennar\u2019s forthcoming 10-K filing, maybe as soon as Thursday, as a wave of investor questions converges around one central issue: How much financial risk \u2013 recognized or not \u2013 sits inside the company\u2019s land-light strategy? In recent days, that question has pitched from a routine analyst inquiry into a whirlwind of [&hellip;]","og_url":"https:\/\/housesmarketplace.com\/ru\/lennar-land-bank-exposure-under-the-microscope\/","og_site_name":"Houses Marketplace","article_published_time":"2026-04-01T01:05:02+00:00","twitter_card":"summary_large_image","twitter_misc":{"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c":"admin","\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f":"8 \u043c\u0438\u043d\u0443\u0442"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/housesmarketplace.com\/#website","url":"https:\/\/housesmarketplace.com\/","name":"Houses Marketplace","description":"International Real Estate","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/housesmarketplace.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"ru-RU"},{"@type":"WebPage","@id":"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/#webpage","url":"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/","name":"Lennar land bank exposure under the microscope - Houses Marketplace","isPartOf":{"@id":"https:\/\/housesmarketplace.com\/#website"},"datePublished":"2026-04-01T01:05:02+00:00","dateModified":"2026-04-01T01:05:02+00:00","author":{"@id":"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d"},"breadcrumb":{"@id":"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/#breadcrumb"},"inLanguage":"ru-RU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/housesmarketplace.com\/lennar-land-bank-exposure-under-the-microscope\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/housesmarketplace.com\/"},{"@type":"ListItem","position":2,"name":"Lennar land bank exposure under the microscope"}]},{"@type":"Person","@id":"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/housesmarketplace.com\/#personlogo","inLanguage":"ru-RU","url":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/housesmarketplace.com\/ru\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/posts\/62687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/comments?post=62687"}],"version-history":[{"count":0,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/posts\/62687\/revisions"}],"wp:attachment":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/media?parent=62687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/categories?post=62687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/tags?post=62687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}