Home Builders Lennar, KB Home Both Missed On Q1 Revenue. Here’s What That Means For The Housing Market

CNBC
By Staff of CNBC
Business News Television Channel •

Lennar Corp. reported Q1 EPS of $0.74, $0.02 worse than the analyst estimate of $0.76.

(Video length 00:06:20)

Lennar Corp. reported Q1 EPS of $0.74, $0.02 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $4.11 billion. Ken Leon, an equity analyst at CFRA Research, joins “Squawk Box” to give his analysis of the housing market following these earnings result.

 

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