Interest rates definitely have an impact on affordability, says Lennar Co-CEO on the housing market

CNBC's Diana Olick sits down with Stuart Miller, Lennar Co-CEO and executive chairman, to discuss Q1 quarterly results, the state of the U.S. housing market, and what's ahead for the company.

[@abrahamguzman50]

Buying Down Rate allows to sell at higher price point which eventually keeps prices elevated whereas to Dropping the Price to meet the Current Affordability at Current market rates. Builders rather buy down the rate at 5% and spend a around $20k-$30k rather than dropping the Price $$70-$100k but this creates an Artificial Value that is not in Alignment with Market Rates!

[@illegalsmirf]

Thanks for confirming that and clearing out my doubts.

[@alexanderbelyaev9820]

Definitely

[@BrainGraze]

Margins are up 😮 GREEDFLATION

[@MosesKim-je5rj]

Demand is "strong" and supply is "short", but prices are down. I'm still trying to figure that one out.

[@knt3219]

Did Not Come At A Price And A New Normal : How About $125 And $175 . What Is Your Number As An Investor Out There. Sincerely ,❤❤❤KNT.