Lennar misses profit estimates: Homebuyers remain cautious

This spring was not a great time to buy a house, but Lennar did so anyway by offering subsidies. The homebuilder's stock rose after the company reported its second-quarter results, which missed Wall Street's earnings expectations. Lennar earned $1.90 per share on revenue of $8.4 billion. Analysts had expected, according to FactSet, earnings of $1.94 per share on revenue of about $8.2 billion.   Company strategy amid a challenging market   " Although we continue to see a weakening in the housing market due to affordability issues and declining...