Two home builders report optimism in the housing market, despite weak sales numbers and low inventory, MarketWatch reports.
“Our results reflect the fact that the housing market strengthened throughout Q2,” said Stuart Miller, executive Chairman of Lennar Corp. LEN, +0.22% , which reported its second quarter earnings Tuesday.
“We don’t see any storm clouds on the horizon in the housing market,” said Jeffrey Mezger, president and CEO of KB Home, KBH, +0.45% when the company took analyst questions on Thursday.
Miller cited those lower mortgage rates, and slower price increases, and said “and that, together with low unemployment, wage growth, consumer confidence and economic growth, drove the consumer to return to a more affordable housing market.”
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