Lennar's Q1 2026 earnings beat expectations, fueled by strong home sales and higher prices, with a $1.5B buyback amid steady demand despite challenges.

Lennar reported first-quarter 2026 earnings with revenue slightly above expectations, driven by strong home deliveries and higher average selling prices. The company saw a 7% increase in home sales compared to the same period last year, though new home starts declined due to ongoing labor and material constraints. Lennar maintained its full-year guidance, citing resilient demand despite elevated mortgage rates. The company also announced a $1.5 billion share buyback program, signaling confidence in its long-term prospects.