(Disclosure: Rose Law Group represents Lennar.)
By BisNow
If the U.S. is to solve its housing supply crisis, the homebuilding industry needs to embrace innovation and begin viewing housing more holistically, said Stuart Miller, the executive chairman and co-CEO of major homebuilder Lennar Homes.
Speaking on this week’s Walker Webcast, Miller said he views the three major segments of the housing market — single-family for sale, single-family for rent and multifamily — as operating on a continuum. Focusing on any one of these property types to the exclusion of the others won’t solve the country’s housing shortfall, he said.
The homebuilding industry is doing what it can to address the shortage with the tools available. For instance, single-family builders are taking lower margins to make their homes more affordable, he said.
