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As home sales remain restrained, big builder eyes home rental market

from The Wall Street Journal

Stuart Miller sounds like a home builder who doesn't expect first-time and entry-level buyers to surge back into the housing market any time soon. In fact, he is considering expanding into building homes for rent if first timers remain largely unable to buy. Miller, chief executive of Lennar Corp., one of the largest U.S. home builders, told investors in a quarterly conference call that he doesn't anticipate mortgage-qualification standards easing quickly enough to bring first timers off the sidelines anytime soon. more


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