Did Lennar meet its fourth-quarter profit expectations?

No, Lennar reported a profit of $1.93 per share, which was below the analyst estimate of $2.22 per share.

What are the main challenges facing Lennar and the housing market?

The primary challenges are housing affordability constraints, weak consumer confidence, and ongoing cost uncertainty for building materials.

What are Lennar's home delivery projections for 2026?

Lennar expects to deliver a total of 85,000 homes in 2026.

Home / Business and Economy / Lennar Profit Misses Target Amid Housing Affordability Woes

Lennar Profit Misses Target Amid Housing Affordability Woes

17 Dec

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Summary

Lennar reported a profit of $1.93 per share, missing analyst estimates.
Affordability pressures and weak consumer confidence continue to impact demand.
The company anticipates 85,000 home deliveries in 2026.

Lennar Profit Misses Target Amid Housing Affordability Woes

U.S. homebuilder Lennar announced fourth-quarter profits that did not meet analyst projections, signaling ongoing challenges in the housing market. The company reported earnings of $1.93 per share, falling below the estimated $2.22 per share, as affordability issues continue to curb buyer appetite.

Despite a slight decrease in interest rates during the quarter, Lennar's co-CEO highlighted persistent affordability constraints and weak consumer confidence as major headwinds. The company also navigated the impact of a six-week government shutdown, adapting sales and construction strategies to fluctuating market conditions.

Looking ahead, Lennar projects first-quarter 2026 home deliveries between 17,000 and 18,000, with an expected home sales gross margin of 15% to 16%. For the full year 2026, the company aims to deliver a total of 85,000 homes, while managing margin pressures from sales incentives and cost adjustments.