Lennar reported better-than-expected earnings, but margin pressures and weak Sun Belt pricing persist. Click here to read an analysis of LEN stock now.

The shares at on track for their best day since April, but are still struggling with overhead pressure at the $115 level despite pacing for their third gain in the last four sessions. LEN carries a 13.4% year-to-date deficit, shed 24.6% in the last 12 months, and isn't too far off its April 9, 52-week low of $98.42.

Lennar Corporation (NYSE:LEN) reported second-quarter earnings that missed analyst expectations, while revenue exceeded estimates. The company’s gross margin forecast came roughly in line with projections.