Key TakeawaysHomebuilder stocks jumped after the milder-than-expected June inflation print fueled investors' hopes that the Federal Reserve will cut its influential fed funds rates this year.With a lower fed funds rate, all kinds of borrowing would be less expensive including mortgages. High mortgage rates have hindered potential homebuyers from entering the market by pushing up the monthly payment on already pricey houses. Homebuilder stocks jumped Thursday on hopes that mortgage rates will start to signi ...

Wall Street expects a year-over-year decline in earnings on lower revenues when D.R. Horton (DHI) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 18, 2024, might help the stock move higher if these key numbers are better than expectatio ...

Sales of new U.S. single-family homes slipped in May, marking the lowest level in six months, according to the U.S. Census Bureau’s latest report. New home sales — a leading housing market indicator based on signed contracts, not closings — decreased 11.3% to a seasonally adjusted annual rate of 619,000 units in May from April, according to the Commerce Department's report released on Jun 26, 2024. This was the steepest monthly decline since September 2022 and marks the lowest level since November. May’s sa ...

The housing market in 2024 continues to be complex and volatile for homebuyers and investors. Interest rate volatility, affordability concerns, and persistent inflation present ongoing challenges for the industry. However, the demand for housing remains resilient, driven by favorable demographics and a chronic supply shortage. To gain a deeper understanding of the housing market, investors often turn to earnings calls of leading homebuilders to gain insights into their performance, strategies, and outlook. ...

In the latest trading session, D.R. Horton (DHI) closed at $143.46, marking a -0.19% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.23%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 0.34%. Shares of the homebuilder have depreciated by 8.79% over the course of the past month, underperforming the Construction sector's loss of 3.41% and the S&P 500's gain of 3.96%. The investment community will be paying close attention to the earnings pe ...

May's cooler-than-expected consumer price index (CPI) on a year-over-year basis is pushing bond yields lower, and the prospects of an interest rate cut in September are increasing. Homebuilding stocks -- hyper sensitive to rates and the U.S. economy -- are on the rise today. Here's what it means for three sector stalwarts: D. R. Horton Inc (NYSE:DHI), PulteGroup Inc (NYSE:PHM), and Lennar Corp (NYSE:LEN). KBH Home (KBH) was covered in depth earlier this week, with a correctly identified bullish signal. DHI ...

UKRAINE - 2021/07/18: In this photo illustration, a D.R. Horton, Inc. logo seen displayed on a ... [+] smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has been a mixed performer this year, rising by just about 4% year-to-date. This compares to the S&P 500, which ...

Never before in recent U.S. history has the construction industry had so much investment potential. Today, the scale of infrastructure and resources needed to complete modern projects can lead to both extraordinary financial risk and exceptional reward for investors. Much of the U.S. requires significant infrastructural and housing expansion, leading to lucrative opportunities for the firms that win contracts for renovation and expansion. As such, this leads to some potentially profitable construction stock ...

UKRAINE - 2021/07/18: In this photo illustration, a D.R. Horton, Inc. logo seen displayed on a ... [+] smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has fared reasonably well this year, rising by about 13% year-to-date. This compares to the S&P 500, which has ...

When mortgage rates started to increase rapidly in the middle of 2022, the real estate market ground to a halt. Then, prices started to drop. Now, current median sales price for existing homes is still 5% lower than at the market’s height in May 2022. In March 2024, sales decreased year-over-year (YOY) in all regions of the U.S. It’s slow going in the new construction segment of the real estate industry, too. By the end of 2023, more than 30% of homebuilders had cut prices. The median sales price of new hom ...