Lennar's (LEN +3.9%)  Q2 earnings report suggests that the housing crisis may be over says SA...

|About: Lennar Corporation (LEN)|By:, SA News Editor

Lennar's (LEN +3.9%Q2 earnings report suggests that the housing crisis may be over says SA contributor Michael Terry. He says the trend in real estate has not only bottomed, but has "begun to crawl out of the hole" it dug for itself in 2002-2006." LEN CEO Stuart Miller concurs, noting that the 'for sale' housing market has, in fact, bottomed, and "We have commenced a slow and steady recovery process." One caveat Miller observes however: it's all very localized.