Loading ...This morning, LEN was down to $15.24 a share, a 12% drop from Friday’s average value. The cause of the move was the $171.6 million, or 97 cents a share, on revenue of $720.7 million for the third quarter ended Aug. 31. No doubt, Wall Street is finally realizing that there isn’t a big enough housing industry left to maintain all of the homebuilders from the peak market in 2006 at same evaluation levels. Either some major homebuilders will need to go bankrupt or investors will have to be content with decades of lagging profits from homebuilders. […]