As I look ahead to 2012, I am cautiously optimistic that we are seeing a real bottom form and we will begin to see signs of recovery,” Lennar’s chief executive, Stuart A. Miller, said in a conference call.

Lennar said high rents were driving customers to buy new homes, and low home prices and low interest rates were helping.

High Rents Helped Home Orders Rise 20% - NYTimes.com
  • The New York Times

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