Lennar profit halves as higher mortgage rates pressure homebuyers
Lennar (LEN) reported third-quarter profit that more than halved as persistently high mortgage rates weighed on demand for new homes. Its shares fell 3% after the bell.
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Lennar (LEN) reported third-quarter profit that more than halved as persistently high mortgage rates weighed on demand for new homes. Its shares fell 3% after the bell.