Len Sassaman (LEN) news

Weekly Mortgage Demand Wanes as 30-Year Fixed Rate Reaches Highest in Nearly 3 Years

11:43 AM EDT, 10/07/2026 (MT Newswires) -- Mortgage applications in the US declined last week as the 30-year fixed interest rate reached its highest level in nearly three years amid rising Treasury yields, the Mortgage Bankers Association said Wednesday. The market composite index, which measures loan application volume, decreased 4.2% on a seasonally adjusted basis from one week earlier in the week ended Oct. 2. On an unadjusted basis, the index fell 4%. The average interest rate for 30-year fixed mortgages with conforming loan balances of $832,750 or less jumped to 7.49% from 7.3% a week ago. That's the highest it's been in almost three years as "Treasury rates increased and spreads widened," MBA Deputy Chief Economist Joel Kan said. The 10-year Treasury yield hit 5.35% on Wednesday, its highest point since 2002, CNBC reported. The 10-year yield is seen as a proxy for rates on mortgages and other loans. In September, the Federal Reserve lifted interest rates by 25 basis points, its first hike in just over three years, to combat inflation that has run above its 2% target for years. For loan balances higher than $832,750, the 30-year interest rate climbed to 7.39% from 7.27%. For 15-year loans, the rate advanced to 6.71% from 6.56% week to week. The refinance index slid 8% on a weekly basis and slumped 56% from the year before. "With rates roughly a percentage point higher than a year ago, refinance applications last week were at the lowest level since 2025 and fell to less than half of last year's pace," according to Kan. Current rates provide limited incentives for homeowners to refinance, while the increase in borrowing costs have forced many potential borrowers to pull back from the purchase market, Kan said. The purchase index retreated 2% on both adjusted and unadjusted bases from a week earlier. "Purchase activity decreased across all loan types with (Federal Housing Administration) purchase applications falling the most, declining 6%, as these higher rates add to ongoing affordability challenges for many

Lennar Corp. Cl A Stock Rallies 4.0%, Outperforms Market

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Lennar Corp. Cl A rallied 4.0% to $77.41 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.6% to 7,818.93 and the Dow Jones Industrial Average rising 0.5% to 51,521.28. The stock's rise snapped a two-day losing streak. Lennar Corp. Cl A closed 42.1% below its 52-week high of $133.76, which the company reached on December 3rd. The stock outperformed some of its peers, as D.R. Horton Inc. rose 2.6% to $136.75, Lennar Corp. Cl A rose 4.0% to $77.41, and Lennar Corp. Cl B rose 4.92% to $76.97. Trading volume totaled 6.5 million, compared to the 50-day average of 3.9 million. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 06, 2026 16:35 ET (20:35 GMT)

BUZZ - Lainer stock rises after Berkshire Hathaway increases holdings

October 6 — The share price of homebuilder Lennar (LEN.N) rose by 2.4% to $76.24. According to a U.S. Securities and Exchange Commission (SEC) filing, Warren Buffett's Berkshire Hathaway (BRKa.N) purchased approximately 2.4 million Lennar Class A shares between October 1 and 2. The acquisition also included 15,028 Class B shares. The filing shows that as of October 5, Berkshire Hathaway and its subsidiaries held more than 28.4 million Class A shares and over 568,000 Class B shares. LSEG data indicates that Berkshire Hathaway has been steadily increasing its stake in the homebuilder, becoming LEN’s largest shareholder with an ownership rate of 8.7% as of September 30. Including recent fluctuations, LEN’s share price has fallen nearly 26% so far this year. (For the benefit of non-English speakers, Reuters offers automated translations of its reports in several other languages. Please note that automated translations may contain errors or lose necessary context; Reuters does not guarantee their accuracy and offers them solely for reader convenience. Reuters accepts no liability for any damage or loss arising from the use of automated translations.)

Dow Jones Top Company Headlines at 7 AM ET: Fintech Plaid Bets on Credit Scores to Fuel Next Phase of Growth | SoftBank-Backed ...

Fintech Plaid Bets on Credit Scores to Fuel Next Phase of Growth EXCLUSIVE: Plaid is doubling down on its credit-scoring business with new AI models as the company aims to chart its next era of growth with a suite of products beyond its core business. ---- SoftBank-Backed DayOne Plans to Raise Up to $5 Billion in U.S. IPO Singapore-based DayOne Data Centers plans to list its American depositary shares on the Nasdaq by the end of the year. ---- What Oura's Stalled IPO Tells Us About One-Hit Wonders Oura pitched itself as a tech platform, but investors saw through that. ---- Forbion Raises $2.6 Billion in Boost to European Biotech Industry Dutch haul comes despite European drugmakers and investors warning the region is losing ground. ---- L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- Genmab Shares Climb After Positive Study Results for Blood-Cancer Drug The Danish company and AbbVie said their Epkinly drug helped extend the time patients with a common type of lymphoma lived. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- NYSE Owner Launches Gold Futures in London The contract began trading Monday alongside new futures for silver, platinum and palladium. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- Supreme Court Questions Oil Companies' Bid to Shut Down Climate Lawsuits Justices debate whether local governments can sue energy giants for harms linked to climate cha

Dow Jones Top Company Headlines at 3 AM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | SoftBank-Backed ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- SoftBank-Backed DayOne Data Centers Plans to Raise Up to $5.0 Bln in U.S. IPO Singapore-based DayOne Data Centers plans to list its American depositary shares on the Nasdaq by the end of the year. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Supreme Court Questions Oil Companies' Bid to Shut Down Climate Lawsuits Justices debate whether local governments can sue energy giants for harms linked to climate change. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Centalion, Fresh From Rebrand, Does Deal for U.S. Gas Fields The trading f

Dow Jones Top Company Headlines at 1 AM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | Berkshire ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- Supreme Court Questions Oil Companies' Bid to Shut Down Climate Lawsuits Justices debate whether local governments can sue energy giants for harms linked to climate change. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz. ---- C.H. Robinson to Buy RXO for About $5.8 Billion C.H

Dow Jones Top Company Headlines at 11 PM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | Berkshire ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz. ---- C.H. Robinson to Buy RXO for About $5.8 Billion C.H. Robinson Worldwide has agreed to buy truck broker RXO for around $5.8 billion in cash and stock in a deal that would create a logistics company with an enterprise value topping

Berkshire Hathaway increased its holdings of Lennar Class B shares by approximately 15,028 shares between October 1 and 2.

The document shows that Berkshire Hathaway acquired approximately 15,028 shares of Lennar Corporation Class B stock between October 1 and 2.

Berkshire Hathaway acquired approximately 2.4 million shares of Lennar Class A stock from October 1 to 2.

Files show that Berkshire Hathaway acquired approximately 2.4 million shares of Lennar Corporation Class A stock between October 1 and 2.

Why Lennar Stock Just Suffered Its Worst Drop Since 2024 -- Barrons.com

By Shaina Mishkin Lennar stock logged its largest decline since 2024 after a report from the media outlet and investment firm Hunterbrook called its relationship with the land banking company Millrose into question. The report says that Lennar sold over 700 homes to Millrose, a land-banking company that spun off from Lennar in early 2025, and that Millrose, in turn, rents them out, appearing to pay more for the homes than individual buyers, according to the report. Lennar stock closed 6.7% lower on Monday at $74.44, its lowest close since Oct. 24, 2022 and sharpest one-day decline since March 2024, according to Dow Jones Market Data. Millrose was down 8.5%, to $22.51, its lowest close since April 2025. Spokespeople for both Lennar and Millrose declined to comment on the points raised in the report. Hunterbrook Capital is short on shares of Millrose and Lennar, the authors disclose at the top of the report. Like other short sellers, Hunterbrook benefits as the stocks decline. The team at Hunterbrook wrote that it identified at least 356 purchases by Millrose in the final week of Lennar's most recent fiscal quarter. The report says that Millrose paid more than individual buyers in the same communities, and that, by renting out the homes, Millrose would earn less than its bonds yield, according to Hunterbrook's analysis of Zillow rents. Millrose's purchase of Lennar homes "represents an expansion of its relationship with [Lennar]," KBW analyst Jade Rahmani wrote Monday. "The report raises questions regarding the composition of 3Q deliveries." The volume of purchases outlined in the report -- estimated by Hunterbrook at about $200 million -- would represent about 2% of Millrose's second quarter invested capital, BTIG analyst Ryan Gilbert wrote in a Sunday note. "Our sense is that the company does not view the scale of the purchases to-date to be material," he wrote. "If the investment stays at this level, from a size and impact to earnings perspective, we lean toward MRP's view on materiality." Millrose's primary bus

Aging Owners' Inventory Release Over Next Decade Unlikely to Solve Housing Shortage, Realtor.com Says

03:38 PM EDT, 10/05/2026 (MT Newswires) -- Aging US homeowners are expected to release nearly 14 million homes over the next 10 years, though the turnover alone is unlikely to help eliminate the country's housing gap, News Corp's (NWS, NWSA) Realtor.com said Monday. Baby Boomers and the Silent Generation are likely to free up 13.9 million homes over the next decade, marking a 34% increase over what older households relinquished 10 years ago, or a 74% surge over what Boomers and the Silent Generation gave back a decade earlier, according to the online real estate portal. However, of the total, only 380,000 starter homes are expected to be relinquished by the older groups, partly because owners of smaller houses are more likely to have paid off their mortgages and stay put. Family homes account for 9.9 million of the total. The generational handoff includes homes vacated via death, a move to institutional care, household consolidation or a move to a rental, according to Realtor.com. "The handoff is a welcome relief, but it is not big enough to solve the housing shortage issue alone," Realtor.com Senior Economist Jiayi Xu said. "Keeping homeownership within reach for the next generation, and keeping these homes a source of family wealth, will still take more supply, especially homes first-time buyers can afford, particularly in expensive markets." Although houses freed up by the aging population help ease inventory constraints caused by underbuilding and rate lock-in, they are not likely to arrive all at once, Realtor.com said. The entry-level segment, where the shortage is most acute for first-time homebuyers, gets the least relief, while affordability is expected to see a "smaller improvement" over the next 10 years, according to the report. Earlier this year, a report by Realtor.com showed that new home construction in the US last year fell short of household formations, increasing the housing supply gap to an estimated 4.03 million units. The influx of inventory is expected to concentrate primarily in Rust Belt

Lennar Down Nearly 7%, on Track for Lowest Close Since October 2022 -- Data Talk

Lennar Corporation Class A (LEN) is currently at $74.35, down $5.46 or 6.84% --Would be lowest close since Oct. 24, 2022, when it closed at $71.53 --On pace for largest percent decrease since March 14, 2024, when it fell 7.64% --Currently down three of the past four days --Currently down two consecutive days; down 9.45% over this period --Worst two day stretch since the two days ending June 13, 2022, when it fell 11.02% --Down 27.68% year-to-date; on pace for worst year since 2018, when it fell 38.09% --Down 59.8% from its all-time closing high of $184.93 on Sept. 19, 2024 --Down 41.17% from 52 weeks ago (Oct. 6, 2025), when it closed at $126.39 --Down 44.15% from its 52-week closing high of $133.13 on Dec. 3, 2025 --Would be a new 52-week closing low --Traded as low as $74.04; lowest intraday level since Nov. 9, 2022, when it hit $73.79 --Down 7.23% at today's intraday low; largest intraday percent decrease since March 21, 2025, when it fell as much as 7.34% --Second worst performer in the S&P 500 today All data as of 1:56:41 PM ET Source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 05, 2026 14:01 ET (18:01 GMT)

US Stock Market Movement: Liner plunges on October 5 due to short selling report, high interest rates, and declining profit margins

LENNAR CORPORATION <LEN.N>: MORGAN STANLEY INITIATES COVERAGE WITH UNDERWEIGHT RATING; TARGET PRICE $65

Berkshire Hathaway increased its holdings of Lennar shares from September 28 to 30.

Berkshire Hathaway reports Lennar common share purchases worth $53.37 million

Weekly Mortgage Applications Drop as Key 30-Year Rate Hits Highest Since November 2023

July Home Price Growth Accelerates Annually, But Down in Real Terms, S&P Says

Lennar announces R$ 0.217358568 dividend per unit, payable Oct. 28

August New-Home Sales Hit Highest Since December Amid Strength in Midwest

US housing market pursues "price for volume": New home sales hit a year-to-date high in August, while home prices saw the largest drop in over a year

On Thursday, the U.S. government released data showing that sales of new single-family homes in August increased by 6.4% month-on-month, with an annualized sales pace reaching 684,000 units, far exceeding the expected 616,000 units. The median home price fell by 5.8% year-on-year to $393,700, marking the largest decline since July 2025. Although the drop in home prices boosted new home sales in August, U.S. mortgage rates have since risen above 7%, indicating that this rebound may be only temporary.

Lennar declares quarterly dividend of $0.5 per share

Weekly Mortgage Applications Fall as Key 30-Year Rate Reaches Highest Since May 2024

KB Home Lowers Full-Year Housing Gross Profit Margin Guidance; Shares Down Pre-Bell

Dow Jones Top Company Headlines at 1 AM ET: Private-Credit Firms Are Buzzing About Getting In on JPMorgan's Card Empire | Meta's ...

Dow Jones Top Company Headlines at 9 PM ET: Private-Credit Firms Are Buzzing About Getting In on JPMorgan's Card Empire | Activist ...

Lennar Corp. Cl A Stock Rallies 6.4%, Outperforms Market

Lennar Shares Rise After Berkshire Hathaway Discloses Share Purchases

BUZZ - Lennar shares rise after Berkshire discloses increased holdings

Berkshire Hathaway increased its holdings of Lennar Corporation shares from September 17 to 21.