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Lennar (LEN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Lennar (LEN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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Opendoor Technologies : Lennar rides U.S. housing boom to exceed profit estimates


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March 16 (Reuters) - Lennar Corp beat quarterly
profit estimates on Tuesday as historically low mortgage rates
and a COVID-19 pandemic-induced shift to suburban living
encouraged more Americans to buy homes.
The housing market has been one of the persistent bright
spots throughout the coronavirus-driven recession. However, it
faces prospects of a slowdown as mortgage rates rise on the back
of a surge in U.S. Treasury yields.
Lennar estimated second-quarter orders an indicator of
future sales between 16,500 homes and 16,700 homes, above
analysts estimates of 16,240 homes, helped in part by a
shortage of previously owned houses on the market. ....

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Lennar rides U.S. housing boom to post more than two-fold surge in profit


By Reuters Staff
2 Min Read
FILE PHOTO: Newly constructed houses built by Lennar Corp are pictured in Leucadia, California March 18, 2015. REUTERS/Mike Blake
(Reuters) - Lennar Corp beat quarterly profit estimates on Tuesday as historically low mortgage rates and a COVID-19 pandemic-induced shift to suburban living encouraged more Americans to buy homes.
The housing market has been one of the persistent bright spots throughout the coronavirus-driven recession. However, it faces prospects of a slowdown as mortgage rates rise on the back of a surge in U.S. Treasury yields.
Lennar estimated second-quarter orders an indicator of future sales between 16,500 homes and 16,700 homes, above analysts’ estimates of 16,240 homes, helped in part by a shortage of previously owned houses on the market. ....

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