Furniture Makers, Homebuilders Continue to See Weak Housing Market -- Market Talk

Dow Jones

2025/06/18

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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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%. 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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%. 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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%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4504":"桥水持仓","BK4559":"巴菲特持仓","BK4588":"碎股","LEN":"莱纳建筑公司","BK4585":"ETF&股票定投概念","BK4088":"住宅建筑","BK4516":"特朗普概念","BK4596":"哈里斯概念","BK4095":"家庭装饰品","LZB":"La-Z-Boy家具"},"translate_title":"家具制造商、住宅建筑商继续看到房地产市场疲软——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LZB":0.9,"LEN":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 17, 2025 18:29 ET (22:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}