Housing Giant Lennar Looks to Rate Cutes to Stimulate Demand After Earnings Miss
Justin Sullivan / Getty Images Lennar CEO Stuart Miller suggested falling interest rates later in the quarter and the Federal Reserve's cut this week could help stimulate demand. Key Takeaways Lennar shares slid Friday after the homebuilder posted quarterly earnings that missed analysts' estimates, pointing to weakness in the housing market. The homebuilding giant said it increased incentives to encourage buyers hesitant because of high interest rates. CEO Stuart Miller suggested falling interest rat ...