🔴 PulteGroup is trading 16% down in pre-market after Lennar missed EPS and revenue forecasts

PulteGroup is trading 15.62% down now at $99.19 after weak Lennar results signaled pressure across homebuilders.

• Lennar reported third-quarter 2026 EPS of $1.19 versus a $1.29 forecast and revenue of $8.05 billion versus $8.31 billion expected.
• The move is contrary to the broader pre-market recovery, with the S&P 500, Nasdaq Composite, and Dow futures all higher.
• The Fed’s September 16 rate hike and elevated yields add pressure to housing demand and financing conditions.