Lennar slips after missing Q4 results estimates
Corrects syntax in headline
** Shares of homebuilder Lennar Corp LEN.N down 4.8% at $138.91
** LEN on Wednesday reported Q4 results below estimates, as potential buyers remained reluctant to buy homes due to volatile mortgage rates
** The U.S. housing market has struggled to rebound after being knocked down by a resurgence in mortgage rates in the spring
** "Even while demand remained strong and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates" — LEN's co-CEO Stuart Miller
** LEN expects to deliver 17,000 to 17,500 homes in the first quarter of 2025
** Including session's move, shares down ~7% YTD
Reporting by Rupali Chaudhary in Bengaluru
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