1417 ET - Demand for housing is falling short, but supply is also limited, Lennar Chief Executive Stuart Miller tells analysts on a call. The overall supply of homes is constrained due to years of underproduction. Americans are still not buying houses due to high mortgage rates, elevated personal debt and general uncertainty about the economy, Miller says. Muted demand, along with restrictive land permitting and higher construction costs, will likely result in additional shortfalls in production. Immigration and tariffs could add another level of complexity, he says. To date, Lennar has not seen an impact on costs from tariffs or any labor shortages from immigration restrictions. It is having conversations with supply chain partners to identify alternative sourcing and material strategies, management says. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
March 21, 2025 14:17 ET (18:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。