The housing market’s big challenge: Consumers are feeling 'more distressed’

) noted on its post-earnings conference call that consumers are under a growing amount of pressure from sticky price increases and looking for ways to bring down the cost of buying a home.

Lennar's average sales price of homes delivered was $426,000 in the quarter, down from $449,000 during the same period last year."We're looking at a moment in time where on the one hand, there is a supply shortage. But on the other hand, the consumer out of the necessity is looking for elements of incentives or discounts to be able to afford ... the housing stock that they need,” Miller said.to curb inflation, coupled with a chronic lack of supply.

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