Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to reignite buying.

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Lennar blames high mortgage rates for sales miss, but says its home prices also need to fall

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The challenges facing Lennar and other homebuilders shed light on a large vulnerability for the US economic outlook....

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Lennar erases 2024 gains as high rates hamstring US housing

CJ O’Shea made a loss on its construction work in its latest financial year. Newly released accounts for the north London-headquartered contractor show that it made a pre-tax loss of £1.6m in the year to 31 March 2024. In the prior 12 months it made… The post O’Shea blames high interest rates for construction loss appeared first on Construction News.

Lennar blames high mortgage rates for sales miss, but says its home prices also need to fall

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