DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Lennar Corporation's stock fell by 9% following the release of disappointing earnings results, which did not account for rising long-end yields. The company, along with D.R. Horton, represents a combined 25% market share in the U.S. homebuilding sector. As of December 19, the homebuilder ETF, XHB, has dropped 15.8% since November 25. Analysts have expressed concerns over the broader homebuilding market, highlighting vulnerabilities in sector fundamentals and the potential impact of tariffs, estimated at $5,000 to $7,000 per home. The overall sentiment in the market remains bearish, with many homebuilders now considered to be in bear market territory, further compounded by economic uncertainties and rising interest rates.
