“An early read from this spring selling season suggests that the market is continuing to improve at a very steady pace,” Stuart Miller, CEO of Lennar Corp. (NYSE: LEN), said in the article.
Moreover, the housing market is seeing greater demand after the federal government eased access to credit, such as lowering premiums on loans insured by the Federal Housing Administration.
“Lenders are, in fact, opening their doors a bit wider,” Stan Humphries, chief economist at real estate website Zillow.com, said in the Reuters article, adding that this would help first-time buyers.
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For more information on the housing sector, visit our homebuilders category.
Max Chen contributed to this article.