US homebuilder Lennar posts higher Q3 profit
Sept 19 (Reuters) -Lennar Corp LEN.N posted a higher third-quarter profit on Thursday, compared with a year earlier, as a historically low housing supply kept demand strong, with declining fixed mortgage rates luring in more skittish buyers to the market.
The second-largest U.S. homebuilder by sales posted earnings of $1.16 billion, or $4.26 per share, for the quarter, compared with $1.1 billion, or $3.87 per share, a year earlier.
Reporting by Ananta Agarwal and Utkarsh Shetti in Bengaluru; Editing by Krishna Chandra Eluri
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