1828 ET - Several companies with business closely tied to the housing market saw weak real estate trends persist in their latest quarters. Furniture maker La-Z-Boy saw same-store sales fall 5% due to weak traffic across the industry as high mortgage rates and a more volatile global economy hurt consumer sentiment, and forecasts such dynamics will continue weighing on consumers in the near-term. Miami-based homebuilder Lennar, meanwhile, also said it continued to see a soft housing market last quarter, with home sales revenues falling 7% as the average sales price of homes delivered dropped 9%. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 17, 2025 18:29 ET (22:29 GMT)
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