Lennar reports 13% uptick in Q3 profit amid sluggish housing market

Lennar Corp. reported an uptick in net income and home deliveries in its third quarter, but signs still point to a broader slowdown in the housing market. The Miami-based homebuilder reported $513.4 million or $1.59 per share in third quarter net income, up 13.3 percent from $453.2 million or $1.37 per share in the third quarter of 2018. At the same time, revenue from home sales increased 2 percent, year-over-year, to $5.3 billion. Lennar’s third-quarter

source https://therealdeal.com/national/2019/10/02/lennar-reports-13-uptick-in-q3-profit-amid-sluggish-housing-market/#new_tab