Housing market has long way to go: Lennar CEO
The U.S. housing market still has a long way to go in order to fully recover from the 2008 financial crisis, Lennar (NYSE: LEN) CEO Stuart Miller said Wednesday.
"The housing market continues to improve at a slow and steady pace, but it looks like there's a lot of runway out ahead of us. If you look at the primary driver for housing right now, you're basically looking at a production deficit that's been building up over the past years," Miller told CNBC's " Squawk Box ."
This is a developing news story. Please check back for updates.
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