D.R. Horton: Positive On Business Demand, But Valuation Not Cheap
D.R. Horton(DHI) Seeking Alpha·2024-07-23 10:51
The Good BrigadeInvestment overview I give a hold rating for D.R. Horton, Inc. (NYSE:DHI), as the valuation is not attractive enough to warrant a buy. That said, I am positive on how the business will benefit from the current macro environment where high mortgage rates continue to put a lid on existing home inventory, which drives demand for new homes. Business description DHI is in the business of constructing and selling single-family homes for the US population, in particular for entry-level and move ...