Lennar co-CEO on Q3 earnings miss: This has been a difficult housing cycle
Welcome back. Home builder Lenar hosting its conference call right now. Diana Ollex's been monitoring that for us after speaking with LAR's chairman and she joins us more. Diana, what kind of color did you pick up? Well, Sarah, Lenar obviously had a rough Q3, no question. And the stock is down over 3% on the day. Revenue missed estimates, deliveries came in light, and guidance was revised lower. But Lenar's chairman Steuart Miller said just moments ago on the analyst call that this has been a difficult hous ...