Lennar Corp reported third-quarter profit above Wall Street estimates on Thursday, as a historically low housing supply kept demand strong and declining fixed mortgage rates lured in more skittish buyers to the market.

Lennar Corp posted a higher third-quarter profit on Thursday, compared with a year earlier, as a historically low housing supply kept demand strong, with declining fixed mortgage rates luring in more skittish buyers to the market.

Homebuilder Lennar reported its third-quarter financial results after Thursday's closing bell. Here's a look at the details from the report.