Reported about 8 hours ago
Lennar (LEN) announced mixed earnings for the second quarter and a weaker-than-expected third-quarter outlook, revealing challenges in new orders and deliveries. Expert analysis highlights how mortgage rate buy-downs are becoming crucial for driving home sales in a market facing declining consumer confidence. As the housing sector struggles, the company's flat gross margin guidance offers a glimmer of hope, suggesting potential resilience despite current pressures.
Source: YAHOO