Quote of the Week
“We don't really hire in people that have the skill sets that we need, we're typically hiring good people, and then we train them to do what we need to do.” —Gary Niederpruem, CEO, Forgent Power Solutions
The Fed raised interest rates this week for the first time in three years. The next morning, Lennar—one of the country’s largest homebuilders—described a housing market already struggling with high borrowing costs: mortgage rates near 7%, many prospective buyers unable to qualify, and growing competition from existing homes.
More on how Lennar is responding below, along with Forgent Power Solutions’ rapid expansion to serve data centers and the early results of Vera Bradley’s effort to revive its brand.
Lennar Corporation (LEN)
Q3 FY2026 Earnings Call
Results: Lennar delivered 20,840 homes in the third quarter, within its guidance range, while new orders fell to 20,879 from about 23,000 a year earlier. Revenue decl…
