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Lennar calls affordability 'stretched' as cracks in US housing market appear

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Lennar calls affordability 'stretched' as cracks in US housing market appear


Lennar’s (LEN) CEO Stuart Miller warned Thursday that affordability remains a concern for homebuyers as mortgage rates hover near 7%. Miller said on the company's first quarter earnings call that affordability is "stretched," noting that "we are definitely seeing a little bit more credit card debt…

#len #stuartmiller #lennar #drhorton #tollbrothers #tol #spdr #xhb #federalreservebank #freddiemac

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