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.

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 (...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »