Lennar Corporation reported disappointing Q3 earnings with revenue dropping to $8 billion and gross margin at 15.8%, pressured by high mortgage rates and weak market sentiment. Despite Berkshire Hathaway increasing its stake, Lennar's shares hit 52-week lows. The company has improved its return on equity to 21% through an asset-light strategy but cut its FY26 home delivery guidance to 80,000–81,000 units due to ongoing demand softness. Investors remain cautious, awaiting signs of macroeconomic recovery before considering new positions.
Lennar's shares are trading near their 52-week low on Pluang, priced at USD 78.43 with a slight 1-day gain of 0.09%. The stock sees balanced investor interest, with 53% of orders to buy and 47% to sell. This data is current as of Sep 17, 2026 21:02 WIB.
Berkshire Hathaway recently acquired a 12% stake in homebuilder Lennar, investing nearly $200 million despite deteriorating market conditions and rising mortgage rates. Lennar reported a 52% drop in net income and shrinking margins, with nearly half ...
Block & Leviton is investigating Lennar for potentially misleading investors about its home delivery numbers. Lennar reported higher-than-expected home deliveries in Q3 2026, but a report suggests many homes were bought by Millrose Properties, a comp...
Millrose Properties Inc., a spin-off from Lennar Corporation, experienced a significant $1.4 billion market cap decline following a short-seller report triggered by its sudden shift into rental homes. Despite this setback, the company remains an asse...
Mortgage rates for a 30-year fixed loan have climbed to about 7.46%, nearing 7.5% earlier than expected, increasing monthly payments by over $300 on a $400,000 loan compared to last year. Homebuilders like Lennar are responding by reducing profit mar...
Lennar Corporation's stock fell to a 52-week low of $74.44, trading at 0.83 times book value, significantly below its peers. Despite near-term challenges including margin pressure, high mortgage rates, and governance concerns, Lennar benefits from lo...
