# Lennar cuts 2026 home delivery target

> Lennar lowers full-year 2026 home delivery target to 80k-81k after Q3 earnings drop.
- Title: Lennar cuts 2026 home delivery target · Yahoo Finance
- Summary: Lennar lowers full-year 2026 home delivery target to 80k-81k after Q3 earnings drop. Lennar reduced its 2026 home delivery target to 80,000-81,000 homes…
- Keywords: lennar, home delivery, q3 earnings, mortgage rates, homebuilder, real estate, business, finance, cuts, 2026, home, delivery
- Source: Yahoo Finance — https://finance.yahoo.com/real-estate/articles/lennar-cuts-full-2026-delivery-133941748.html
- Published: 2026-09-17T13:39:41+00:00
- Read time: 1 min
- Topics: lennar, home delivery, q3 earnings, mortgage rates, homebuilder, real estate, business, finance
## Lennar cuts 2026 delivery target
Lennar reduced its full-year 2026 home delivery target to 80,000-81,000 homes from 82,000-83,000.
## Q3 earnings fall
Third-quarter net earnings dropped to $284 million, or $1.19 per diluted share, from $591 million a year earlier.
## Mortgage rates rise
Mortgage rates increased to approximately 6.8% for the 30-year loan at quarter end, with consumer confidence declining.
## Revenue drops
Total revenue fell to $8.05 billion from $8.81 billion a year earlier, missing analyst expectations of $8.32 billion.
## Deliveries decline
Deliveries slipped 3% year over year to 20,840 homes with average selling price at $372,000.
## Q4 guidance
Lennar guides for 22,000-23,000 deliveries at $370,000-$380,000 average price in Q4.
## Key takeaway

Lennar reduced its 2026 home delivery target to 80,000-81,000 homes after Q3 earnings fell to $284 million.