Lennar Corp. Cl A closed $59.43 short of its 52-week high ($193.80), which the company reached on September 19th.

At the start of 2024, the path to lower mortgage rates seemed relatively clear-cut: Official inflation would go down, the Federal Reserve would carry out more interest rate cuts and the cost ...

we position Lennar pragmatically with prospective landbanks and sustained chartered growth. Concluding, an fourth quarter sales pacing difficulty in an adjusting mortgage-backed environment does ...

Even so, incentives such as mortgage rate buy-downs remain an effective tool to attract buyers. Lennar's average sales incentive as a percentage of revenue was 10.8% during the quarter ...

Operator Welcome to Lennar's fourth-quarter earnings conference ... more challenging as longer-term interest rates along with mortgage rates have climbed steadily since our last earnings call.

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Shares of Lennar Corp. were headed for a deep drop Thursday, after the home builder blamed high mortgage rates for disappointing quarterly results but also indicated it will have to boost ...

Shares of Lennar (LEN) fell Thursday, a day after the home builder posted weaker-than-expected results and guidance as high mortgage rates limited sales. The company reported fourth-quarter ...

Lennar (LEN) shares slid after the homebuilder logged lower quarterly revenue and profit, knocked by still-high mortgage rates. Profit fell to $1.1 billion last quarter, from $1.36 billion a year ...

"The mortgage rate backdrop is challenged, but not at unprecedented levels," Batory wrote in a note to clients. And while Lennar is "lowering price and stepping up incentives aggressively," volume ...