The Latest Breaking News from Lennar

An exclusive Las Vegas community for homeowners aged 55+

The Dow Jones rose in afternoon trading while the Nasdaq led with gains of over 1%.

Rising borrowing rates are giving prospective homebuyers cold feet. But rates will almost certainly climb higher. Should you buy a house now?

UBS has decided to maintain its Buy rating of Lennar (NYSE:LEN) and lower its price target from $108.00 to $106.00. Shares of Lennar are trading up 2.7% over the last 24 hours, at $67.42 per share. A move to $106.00 would account for a 57.22% increase from the current share…

The Nasdaq composite leads the day, up 2.8%. The S&P 500 is up 2.5%.

Homebuilder KB Home on Wednesday reported second-quarter earnings and a full-year outlook that beat expectations.

The stock market rebounded Tuesday after a week of heavy losses. Tesla and Kellogg jumped on company news.

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 500 points on Tuesday.

Lennar Corp (NYSE:LEN) reported second-quarter FY22 sales growth of 30% year-on-year to $8.36 billion, beating the consensus of $8.11 billion. Homebuilding revenues rose 33% Y/Y. Home deliveries for the quarter increased 14% Y/Y to 16,549. New orders increased 4% to 17,792 homes. Backlog rose 16% to 28,624 homes. Homebuilding costs and expenses increased…