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Stock impact report

Bear of the Day: Lennar Corporation (LEN) [Yahoo! Finance]

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Company Research Source: Yahoo! Finance
estimates plummet amid a slowing housing market and persistent inflation across many critical aspects of its business. Lennar Corporation is a top U.S. homebuilder focused on what it calls affordable, move-up, and active adult homes. Its financial services segment offers mortgage financing, title, closing services, and more for Lennar homebuyers. On top of that, Lennar develops high-quality multifamily rental properties across the country. The company is attempting to navigate challenges plaguing the entire homebuilding industry and housing market more broadly. Lingering inflation took a toll on Lennar's margins throughout fiscal 2024 and into Q1 FY25, which it reported on March 20. Image Source: Zacks Investment Research Lennar closed Q1 fiscal 2025 with a gross margin on home sales of 18.7%, down 310 basis points (bps) YoY. The decline was mainly due to decreased revenue per square foot and increased land costs. Higher sales incentives and mortgage rate buydowns, which Len Show less Read more
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