Homebuilding Stock Hits Record Highs Before Earnings
LENLennar(LEN) Schaeffers Investment Research·2024-09-17 01:59

Shares of homebuilder Lennar Corp (NYSE:LEN) are hitting record highs today, as they head for their sixth gain in the last seven days. At last glance, the stock was up 0.8% to trade at $187.47, earlier hitting a peak of $188.10. Since the start of 2024, LEN is up 25.7%. Falling mortgage rates put the housing sector in focus ahead of the U.S. Federal Reserve's interest rate decision this week, with Zillow Group (Z) receiving an upgrade earlier this morning. Lennar's earnings report is coming up too, due out ...