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)
Copyright (c) 2026 Dow Jones & Company, Inc.