Lennar Corporation Reports Mixed Q2 Results Amid Housing Affordability Challenges

Lennar Corporation (NYSE: LEN) saw its stock dip 2.20% to $107.08 following the release of its second-quarter fiscal 2025 results. Revenue surpassed expectations at $8.38 billion, yet earnings per share fell sharply to $1.81, missing the $1.96 forecast and nearly halving from $3.45 a year prior. The decline reflects broader affordability pressures in the housing market, with average sales prices dropping to $389,000.

Despite these headwinds, operational efficiency allowed Lennar to deliver 20,131 homes—a 2% increase—while new orders rose 6% to 22,601 units. Adjusted net earnings, excluding mark-to-market losses on tech investments, stood at $499 million ($1.90 per share). The company projects Q3 deliveries and orders between 22,000–23,000 homes, signaling cautious Optimism amid persistent market constraints.