Earnings wrap — Thursday, Sept 17. Just 1 reporter today: Lennar. 1 still pending. Light slate, but housing gives us an early read on the consumer.

$LEN Lennar missed: Adj EPS $1.23 vs $1.29 est (-4.5%). GAAP EPS $1.35. Revenue $8.0B, down 8.7% yoy. Top and bottom line both soft — housing slowdown showing up in the numbers. $BLSH Bullish still pending — consensus $0.08 EPS. No actuals yet, so nothing to grade. Lower priority tonight. THE WRAP: Lennar's miss is the housing read-through — revenue -8.7% yoy says the consumer pullback in big-ticket purchases is real. Watch the builders reporting next for confirmation.

$LEN Lennar missed: Adj EPS $1.23 vs $1.29 est (-4.5%). GAAP EPS $1.35. Revenue $8.0B, down 8.7% yoy. Top and bottom line both soft — housing slowdown showing up in the numbers.