Despite being headquartered in one of the states hardest hit by the housing crash, the CEO of Miami-based Lennar Homes said he is bullish both on the rental side of the business and the single family side. No wonder, Lennar recently announced it was getting into multi-family apartment construction.
CEO Stuart Miller, however, said it is not a hedge against the housing recovery.
"We are clearly in the midst of a recovery in housing and it is a fundamentally strong recovery," said Miller told CNBC from the JPMorgan Chase Housing Summit. "Prices are moving up not because costs are moving up so much, but because demand is getting so strong."