Sizing Up the U.S. Housing Market, From Hot to Not

Elias Stein Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ’s co-CEO Richard Beckwitt on an earnings call provided a tour of U.S. housing markets. “So far in June, new orders, traffic, sales incentives, and cancellations have worsened in many of our markets due to a rapid spike…