Lennar Corp. reports lower Q4 2024 earnings and falling new home orders amid rising mortgage rates.

Lennar Corporation, a major U.S. homebuilder, reported lower-than-expected Q4 2024 results with revenue at $9.95 billion and net earnings of $1.1 billion. New home orders dropped by 3% to 16,895, while deliveries fell 7% year-over-year. Despite rising mortgage rates, the company maintains a strong financial position with $4.7 billion in cash and plans to acquire Rausch Coleman Homes in early 2025. Lennar's shares fell 7.49% post-reporting.

3 months ago
20 Articles

Further Reading