Lennar Corp Q1 Earnings: Profits Fall, But Experts Say Buy the Dip

Lennar Corp reported declining deliveries and profits in its fiscal first quarter due to mortgage rate headwinds and affordability issues. Despite the challenges, CEO Stuart Miller believes the fundamental shortage of housing in America has not been solved and demand will grow as affordability improves. With a focus on delivering more affordable homes, Lennar is expected to achieve efficiency gains and improve profitability in the long term.