Lennar Leads Declines for Homebuilders After U.S. Starts Drop

  • Construction fell 5.8% in August, led by a plunge in the South
  • Lennar says home deliveries fell in Houston, hurt by oil slump

Lennar Corp. led a decline in U.S. homebuilder shares after the company reported fiscal third-quarter results and the Commerce Department said nationwide construction of houses declined.

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