Wires

BRIEF-Lennar Says Housing Market Seems Solid And Strong, Continues To Improve

Oct 2 (Reuters) - Lennar Corp:

* (OFFICIAL)-LENNAR CORP EXPECTS Q4 DELIVERIES BETWEEN 15,800 HOMES TO 16,000 HOMES (NOT 18,500 HOMES TO 16,000 HOMES)

* LENNAR CORP EXPECTS Q4 DELIVERIES TO BE BETWEEN 15,800 TO 16,000 HOMES

* LENNAR CORP - COMBINATION OF LOWER INTEREST RATES, SLOWER PRICE DEPRECIATION POSITIVELY IMPACTED AFFORDABILITY STRENGTHENING Q3 SALES - CONF CALL

* LENNAR CORP - NOT GIVING SPECIFIC GUIDANCE FOR 2020 AT THIS TIME BUT OPTIMISTIC ABOUT THE PROSPECTS FOR NEXT YEAR - CONF CALL

* LENNAR CORP - ENTRY LEVEL MARKET ACCOUNTS FOR ABOUT 40% OF BUSINESS, WILL CONTINUE TO INCREASE AS MORE FIRST TIME BUYER COMMUNITIES COME ONLINE

* LENNAR CORP - Q3 2019 GROSS MARGINS WERE IMPACTED BY LOWER AVERAGE SALES PRICES AS WE TARGET MORE FIRST-TIME HOMEBUYERS, LOWER-PRICED HOMES

* LENNAR CORP EXPECTS Q4 GROSS MARGIN TO BE IN THE RANGE OF 21.25% TO 21.5% AND SG&A TO BE IN THE RANGE OF 7.7% TO 7.8%

* LENNAR CORP EXPECTS Q4 NEW ORDERS TO BE BETWEEN 12,200 AND 12,400 HOMES

* LENNAR CORP SAYS ON UPCOMING POTENTIAL RECESSION, HOUSING MARKET IN GENERAL SEEMS SOLID AND STRONG AND CONTINUES TO IMPROVE Further company coverage: