Shaina Mishkin

Lennar second-quarter revenue missed Wall Street’s expectations, according to financial results released Thursday as housing market headwinds kept on blowing. The earnings figure was in-line with consensus expectations, but revenue fell short of the roughly $8.1 billion analysts expected, according to FactSet. “Our second quarter of fiscal year 2026 was defined by the same stubborn headwinds that have challenged the housing market for the past several years—persistently elevated mortgage rates, constrained affordability, and cautious consumer sentiment, exacerbated by geopolitical uncertainty creating a resurgent inflation reading of 4.2% driven by higher energy prices,” Lennar CEO and executive chairman Stuart Miller said in a statement.

Lennar asset-light business model deserves a new, higher multiple, the company said in a new investor presentation Friday. The home builder’s second-quarter revenue missed Wall Street’s expectations, according to financial results released Thursday. Lennar’s results were “just fine,” but its guidance was disappointing, Oppenheimer analyst Tyler Batory wrote in a reaction to the report.

Investors are watching the 10-year Treasury yield as a better indicator of the where the housing market is headed.

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Technical analysis indicates a home builder ETF could climb nearly 30% by the end of the year.

The housing shortage will end in the coming decade as demand eases because of smaller generations and thinning immigration, new figures show. And, best of all, prices will drop.

In addition to paying sky-high home prices, buyers in San Francisco or New York often make down payments of 20% or more.

Beazer Homes has received five offers from Dream Finders Homes, but hasn’t bitten. Why there’s a gold rush in home building.

Shaina Mishkin Future home sales worsened by one gauge in June. It's another disappointment for many home builder stocks, which have been sidelined by high mortgage rates.

The data point is another headed in the wrong direction for investors who waiting for a housing rebound after last week’s disappointing existing-home sale data.