The homebuilding company said it expects full-year home deliveries of between 80,000 and 81,000 homes. That is down from its previous guidance for 82,000 to 83,000 deliveries, and below the 82,300 analysts polled by FactSet were expecting.

Lennar Cuts Deliveries Target Again on Rate Pressure, Housing Market Conditions.

The move underscores ongoing pressure from elevated mortgage rates and broader housing market conditions.