The construction of single-family residences in the USA rebounded in November, but policy uncertainty may become a new obstacle.

A report released by the USA Department of Commerce on Wednesday shows that as the impact of the hurricane gradually weakens, there is a rebound in single-family Residence construction in the USA in November.

Zhitong Finance06:00

Lennar Corp's revenue and net income in the fourth quarter declined year-on-year, falling below expectations.

Gelonghui, December 19 | Homebuilder Lennar Corp announced its Q4 results for the 2024 fiscal year, with revenue declining by 9% year-on-year to $9.95 billion, falling short of Analyst expectations of $10.06 billion; Net income is $1.1 billion, with EPS of $4.06, down from $1.36 billion last year, with EPS of $4.82, while Analyst expectations were $4.15. During this period, the number of home deliveries dropped by 7% year-on-year to 22,206 units; new Order volume fell by 3% year-on-year to 16,895 units. The company expects home delivery volume in the first fiscal quarter to be between 17,000 and 17,500 units.

Gelonghui Finance14:45

U.S. stock market movement | Revenue and net income fell short of expectations, Lennar Corp (LEN.US) briefly dropped over 7%.

As of the time of writing, the stock has dropped 3.4%, priced at $140.96.

Zhitong Finance21minutes ago

Express News | Lennar Corp Shares Down 3.7% After Co Reports Q4 Results Below Estimates

Breakings35minutes ago

Lennar Stock Slides After Homebuilder Logs Lower Profit, Revenue -- WSJ

WSJ41minutes ago

Wedbush Reiterates Neutral on Lennar, Maintains $164 Price Target

Benzinga21:54 · Ratings