LEN
NYSE · Consumer products
Lennar Corp-A
$83.06
+4.98 (+6.38%)
LEN News30 articles
Zero-Down Loans Persist at 6.95% Rates; Monthly Costs Remain Key
Zero-down mortgages remain available through VA and USDA programs, but with rates near 7%, monthly payments are the bigger obstacle than the down payment.
Mortgage Demand Slips 4.1% as 30-Year Rate Nears 7%
Mortgage applications dropped 4.1% last week as the 30-year rate rose to 6.97%, with purchase demand 19% below last year and refinancing down 65%.
Existing-Home Sales Slip Below 4M Despite Inventory Surge
U.S. existing-home sales fell below 4 million in August despite the highest inventory in over a decade, as high mortgage rates and rising prices keep affordability strained, pressuring housing stocks.
Mortgage Rates Steady Near 6.8% as Housing Sector Faces Headwinds
Mortgage rates remain elevated near 6.8% as housing stocks decline ahead of key inflation data. Builder incentives and supply levels are under scrutiny.
Mortgage Rate Rise Strengthens Homebuyer Leverage, Limits Affordability
The 30-year fixed mortgage rate rose to 6.66%, giving buyers more negotiating power as sellers outnumber them by 51%. Affordability stays limited.
Real Home Values Slip Again as Inflation Outpaces Price Growth
U.S. home prices rose 1.5% year-over-year in June, but 3.5% inflation kept real values falling for a 13th month. Regional gaps widen as mortgage rates stay elevated.
Mortgage Rates Dip Slightly; Rocket Faces Refinancing Hurdle
Mortgage rates eased to 6.65%, saving just $5.30 monthly on a $400k loan. Refinance demand remains weak, pressuring Rocket Companies (RKT).
Homebuilders Rally on Cool PPI, But Lennar's Outlook Stays Weak
Homebuilder shares outperformed the S&P 500 after a flat July PPI report, but Lennar's rally faces analyst skepticism with a price target below its current price.
Mortgage Rates Hit Yearly High as Treasury Yields Take Center Stage
Freddie Mac reported the average 30-year mortgage rate rose to 6.69%, the highest in a year, as Treasury yields become the primary driver for housing investors.
Mortgage Rates Hit One-Year High as Treasury Yields Dominate Investor Focus
U.S. mortgage rates hit a one-year high at 6.66%, with Treasury yields driving the move. Housing stocks declined as loan applications fell sharply.
Berkshire Completes Taylor Morrison Buyout at a Discount to Peers
Berkshire Hathaway completed its $72.50-per-share cash acquisition of Taylor Morrison on July 24, a price that sits nearly 19% below the sector's median valuation.
Berkshire Hathaway Finalizes Taylor Morrison Acquisition at Discounted Multiple
Berkshire Hathaway has closed its $6.8B all-cash acquisition of Taylor Morrison at a trailing P/E of 10.8x, significantly below peers.
Berkshire Hathaway Finalizes $6.8B Taylor Morrison Buyout, Shares Halted
Berkshire Hathaway has completed its $6.8B acquisition of Taylor Morrison, paying $72.50 per share. Shares are halted ahead of NYSE delisting on August 3.
Berkshire Closes $6.8B Taylor Morrison Buyout; Trading Halted
Berkshire Hathaway finalized its $6.8 billion all-cash takeover of Taylor Morrison. Shareholders receive $72.50 per share, with trading halted after Friday's close.
Mortgage Rate Dip Fails to Unlock Refinance Market as Spreads Remain Wide
Freddie Mac reports the 30-year fixed mortgage rate at 6.43%, the lowest in seven weeks, but refinance demand remains tepid due to a 194-basis-point spread over the 10-year Treasury.
Mortgage Rates Remain Near Lows, Refi Savings Elusive
Mortgage rates are near recent lows, but the gap between quoted and actual rates keeps refinancing out of reach for most homeowners. Housing construction spending also declined.
Refi Activity Rises as New Home Sales Slump, Inventory Swells
Refinance applications rose 3% last week, but purchase demand weakened as new home sales plunged 7.3% in May, leaving builders with a 10.3-month supply.
Lennar Stock Drops on Lowered Outlook Despite Earnings Beat
Lennar beat adjusted EPS estimates but cut its 2026 delivery target and issued weaker-than-expected Q3 guidance, sending shares lower after hours.
TSMC ADRs Surge on Nvidia's AI PC Chip Launch and Tight Capacity
TSMC's US-listed shares surged 5.4% to $441.09 after Nvidia unveiled its RTX Spark AI PC chip, reinforcing demand for TSMC's advanced manufacturing amid tight capacity.
HP Shares Swing After AI PC Demand Boosts Earnings Beat
HP Inc. shares swung after fiscal Q2 earnings beat estimates, with revenue up 9% to $14.4 billion. AI PC demand and Windows 11 upgrades drove growth, but rising component costs trimmed the full-year profit outlook.
HPQ Soars 15% on PC Demand Boost Ahead of Earnings
HP Inc. shares jumped 15.3% Friday, their biggest one-day gain in months, after Lenovo's strong results boosted PC hardware stocks. Investors await HP's fiscal Q2 earnings on May 27.
HP Stock Surges 15% Ahead of Earnings: AI PC Demand in Focus
HP shares surged 15% to $25.24 ahead of fiscal Q2 earnings. The rally hinges on AI PC demand and memory chip cost management.
Dow Jones Hits New Record Amid Inflation Concerns and Iran Talks
The Dow Jones Industrial Average closed at a record 50,579.70 on Friday, rising 0.6% as investors responded to progress in U.S.-Iran talks and strong earnings. The S&P 500 marked its eighth straight weekly gain.
Millrose Properties in Spotlight as Dream Finders Presses Beazer Bid
Millrose Properties shares rose to $27.65 after Dream Finders Homes renewed its $25.75/share cash bid for Beazer Homes, with Millrose offering up to $500M in land-banking capital.
Toll Brothers Stock Gains After Earnings Beat, But Luxury Housing Faces Headwinds
Toll Brothers shares climbed 2.7% in after-hours trading after the luxury homebuilder reported quarterly earnings and revenue above Wall Street forecasts, though profits fell from a year ago.
Nvidia's China H200 Sales Stalled Despite US Approval
US regulators have cleared Nvidia to sell its H200 AI chips to major Chinese companies, but no shipments have occurred as Chinese buyers hold off under Beijing's guidance.
Lennar's Expansion Plans Face Headwinds from Elevated Mortgage Rates
Lennar shares slipped 0.5% as the homebuilder accelerates new community launches despite high mortgage rates and a disappointing spring selling season.
Mortgage Rates Hold Near Recent Lows, Yet Spring Housing Demand Remains Subdued
Mortgage rates stabilized near recent lows, sparking a 5.1% weekly jump in refinance applications. However, purchase demand dipped 1% as builder confidence fell to a seven-month low amid economic uncertainty.
Mortgage Rates Surge to 6.38%, Highest Since September, Pressuring Housing Stocks
The average 30-year fixed mortgage rate jumped to 6.38% this week, reaching its highest level since early September. The increase, driven by rising Treasury yields and surging oil prices, contributed to a 10.5% weekly drop in mortgage applications.
Mortgage Rates Hover Near Multi-Year Highs as Housing Data Sours
Mortgage rates held near recent peaks on Monday, with the 30-year fixed rate at 6.49%. New home sales tumbled 17.6% in January to the lowest level since late 2022.