Lennar's Moderating Incentives Seen as Encouraging -- Market Talk
Dow Jones
Jun 12
1058 ET - Lennar pulled back on discounts in its latest quarter, with incentives moderating sequentially for the first time in three years, Raymond James analysts say in a note. That helped its home sales gross margin recover, and is an encouraging sign even as new orders fell against a backdrop of elevated mortgage rates and geopolitical uncertainty, they say. Lennar falls 4%. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 12, 2026 10:58 ET (14:58 GMT)
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