Lennar Is Ready for Home Buyers. Lower Mortgages Will Bring Them In.
Better times are coming for home buyers, one of the nation’s largest home builder said Friday. Home buyers will venture back into the market as mortgage rates fall, Lennar executives said on a Friday conference call to discuss its earnings. “Lower interest rates will enhance affordability, which will enable many more families to access and attain homeownership at the entry level, while growing families will be able to unlock value from existing homes, enabling them to move up to more bedrooms and more living space,” Stuart Miller, the executive chairman and co-chief executive officer, said on the call.