Lennar Profits Fall 46% as Housing Affordability Pressures Grow
Real Estate News: Real Estate Investing Podcast · Kathy Fettke/ Real Wealth
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Show Notes
Lennar, the nation's second-largest homebuilder, reported a 46% drop in quarterly profit as affordability pressures and higher interest rates continue to weigh on buyers. Earnings and revenue both missed Wall Street expectations, and the company forecast lower home deliveries for the fourth quarter. Kathy Fettke explains how sales incentives like mortgage rate buydowns are squeezing margins, and what this means for real estate investors navigating today's housing market.
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