May 1, 2024 11:22 pm
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Lennar chief’s 5 themes for housing

Lennar

LennarBy Kris Hudson | The Wall Street Journal

One of the home-building industry’s leading chief executives on Wednesday outlined five themes for the housing market’s outlook, focusing on tight inventories, stringent mortgage standards and the preferences of millennials.

Stuart Miller, CEO of Lennar Corp.LEN +4.39%, the No. 2 U.S. builder by homes sold behind D.R. Horton Inc.DHI +1.12%, detailed his five themes against the backdrop of Lennar’s strong earnings for its fiscal second quarter ended May 31. Lennar posted a heady 18% increase in orders in the quarter from a year earlier to 7,271 and an 8% increase in average sales price to $348,000.

Continued:

Related: KB Home Spies More First-Timers/The Wall Street Journal

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