Lennar forecast misses signal housing market strain

29 days ago

Carmen Reini

"Yes, I have LAR, ticker LEN. So this is down nearly 5% right now. Uh the company gave first a first quarter forecast for orders, deliveries, and margins that all fell below Wall Street expectations. Uh signals that there's just strains on the housing market in general um even with a lower interest rate. Um some of its fourth quarter line items also fell below expectations including orders and margins."

The discussion on Lennar indicates a nearly 5% drop in the stock and forecasts that missed Wall Street expectations for orders, deliveries, and margins. This points to broader strains in the housing market despite lower interest rates, with continued pressures anticipated in upcoming quarters.

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