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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 36 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 63%

Stuart Miller Berita

Mortgage Rates,Inflation Rates,Mortgage Rate

Homebuilder Lennar noted on its post-earnings conference call that the consumer is 'definitely feeling a little bit more distressed' in the face of sticky...

) 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.

TD may still be discounted, but there other great options to buy right now. Here's a top pick better than TD Bank stock right now. The post 1 Dividend Superstar I’D buy over TD Bank Stock appeared first on The Motley Fool Canada.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 47. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

What Lennar, KB Home's results may say about housing marketAs the housing market is under mounting pressure, some are looking to the second quarter earnings reports from homebuilding giants Lennar (LEN) and KB Home (...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

What Lennar's Q2 earnings signals for the housing marketShares of Lennar (LEN) are trading lower in Tuesday's after-hours trading, despite the homebuilder delivering a beat in its second-quarter earnings. The...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Homebuilder Bellway Sees Signs of Recovery in UK Housing MarketBellway Plc says it sees reason for optimism in Britain’s housing market after an uplift in sales.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »