Jim Cramer Says Lennar Homes Is a Buy When the Stock Settles

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Homebuilder Lennar  (LEN) - Get Lennar Corporation Class A Report joined the list of companies warning of the impact of supply chain challenges Monday, stating the challenges will impact the number of homes built in the current quarter.

"Our company and the homebuilding industry as a whole continued to experience unprecedented supply chain challenges which we believe will continue into the foreseeable future" during the third quarter, adding that it expects to finish fewer homes -- 18,000 versus a prior forecast of 20,343 -- over the final three months of the year," Lennar said in a statement. 

In the video above, Jim Cramer said Lennar Homes is a buy when the stock settles down following earnings volatility. 

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