Housing & Contractor Economics Analysis•Business, Finance & EconomicsLennar’s Profit Fell From $591 Million to $284 Million. Subcontractors Should Watch the Permit Pipeline.Lennar’s third-quarter profit fell to $284 million from $591 million as the builder used roughly 12% incentives to protect volume. Fresh Census data show single-family starts rebounding while permits slipped, creating a mixed but important signal for electrical, HVAC, plumbing and other contractors tied to new construction.TradeVulcan Dispatch Editorial Desk•Sep 17, 2026•14 min