Archive · 17 Dec 2025
Lennar Misses Profit Estimates Amid Weak Demand
Lennar, a big company that builds homes in the U.S., recently reported its earnings for the last three months of the year.
They made less money than experts thought they would.
This happened because people are finding it harder to buy homes due to high interest rates and other costs.
The company's boss said they are trying to adjust to these changes, but it's still tough.
They also shared their plans for the next year, expecting to build and sell fewer homes with lower profits.
Their stock price went down a bit after this news.
Lennar reported a fourth-quarter profit of $1.93 per share, missing analysts' estimates of $2.22 per share.
Affordability pressures and weak consumer confidence due to higher interest rates impacted homebuying demand.
The company's shares fell more than 4% in after-hours trading following the earnings report.
Lennar expects to deliver 17,000 to 18,000 homes in the first quarter of 2026 with a home sales gross margin of 15% to 16%.
The company plans to deliver a total of 85,000 homes in 2026, facing margin compression due to sales sweeteners and cost adjustments.
- Who
- Lennar, a U.S. homebuilder
- What
- Missed quarterly profit estimates due to weak homebuying demand
- When
- Fourth quarter of the fiscal year, with a focus on 2026 expectations
- Where
- Miami, Florida
- Why
- Affordability pressures and weak consumer confidence due to higher interest rates and cost uncertainties
- Company
- Lennar
- Quarterly Profit
- $1.93 per share
- Analyst Estimates
- $2.22 per share
- Stock Reaction
- Down more than 4% in after-hours trading
- Expected 2026 Home Deliveries
- 85,000 homes
- First-Quarter 2026 Home Deliveries
- 17,000 to 18,000 homes
- Home Sales Gross Margin (Q4)
- 17%
- Expected Home Sales Gross Margin (Q1 2026)
- 15% to 16%