Homebuilding Stocks Tumble; Blame This Chilling Trend

Blockhead10-30

Multiple homebuilding stocks flashed sell signals Tuesday after industry leader D.R. Horton (DHI) reported sluggish sales trends as homebuyers choose to wait for lower mortgage rates. D.R. Horton was ...

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Horton (DHI) reported sluggish sales trends as homebuyers choose to wait for lower mortgage rates.\nD.R. Horton was ...</p>\n\n<a href=\"https://www.investors.com/research/ibd-industry-themes/dr-horton-stock-homebuilding-stocks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ITB","symbol_name":"房屋建筑指数ETF-iShares Dow Jones","start_time":0,"source_url":"https://www.investors.com/research/ibd-industry-themes/dr-horton-stock-homebuilding-stocks/","article_id":"2479232000","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2019/03/Stock-HomesBuild-43-shut-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479232000","pubTimestamp":1730224019,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"D.R. Horton stock slid after the homebuilder's third-quarter earnings and sales fell and missed the consensus analyst estimates.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ITB":"房屋建筑指数ETF-iShares Dow Jones","HOV":"霍夫纳尼安","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念","TPH":"Tri Pointe Homes Inc.","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","TOL":"托尔兄弟","LEN":"莱纳建筑公司","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4588":"碎股","MTH":"Meritage Homes Corp","BK7095":"多种金属与采矿","MHO":"MI 家居","MTH.AU":"Mithril Silver and Gold Ltd","BK4561":"索罗斯持仓","DHI":"霍顿房屋","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4504":"桥水持仓","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4088":"住宅建筑","NVR":"NVR Inc","BZH":"贝哲房屋","CCS":"Century Communities"},"translate_title":"住宅建筑股暴跌；归咎于这种令人不寒而栗的趋势","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPH":1,"TOL":1,"NVR":1,"MTH.AU":1,"MTH":1,"BZH":1,"CCS":1,"DHI":1,"HOV":1,"ITB":1,"LEN":1,"MHO":1},"content_text":"Multiple homebuilding stocks flashed sell signals Tuesday after industry leader D.R. Horton (DHI) reported sluggish sales trends as homebuyers choose to wait for lower mortgage rates.\nD.R. Horton was the worst-performing stock in the S&P 500, down more than 9% in midday trading after paring some losses. Shares of the Arlington, Texas-based company fell below the 200-day moving average for a while and undercut a flat base that had been forming the past seven weeks.\n\n\n\n↑\nX\n\n\n\n\nWatching And Waiting: How To Approach Uncertainty Before Election 2024\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nWatching And Waiting: How To Approach Uncertainty Before Election 2024\n\n\n\n\nThe homebuilder's third-quarter earnings fell 12% to $3.92 a share while sales fell 5% to $10 billion. Both missed the consensus analyst estimates. While homebuyers are finally seeing lower borrowing rates, the company says they're reluctant to buy until rates fall some more.\n\"While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025,\" D.R. Horton CEO Paul Romanowski said in an earnings-call transcript from FactSet. \"We believe that the volatility of rates, combined with general uncertainty during the election season, is causing some buyers to stay on the sidelines in the near-term.\"\nRomanowski called buyers \"a little less motivated today than they were previously in prior quarters,\" even if quarterly sales were in line with normal seasonality.\n\"I don't think this is a structural issue with demand,\" the CEO added. \"There's just a lot of noise in the market today. The rate volatility we've seen combined with, you know, the election news that's out there, I just think we're seeing people take a pause.\"\nD.R. Horton is the nation's largest homebuilder, with operations in 125 markets spread across 36 states. In Q3, it closed on 89,690 homes, plus nearly 4,000 rental homes and about 2,200 multifamily rental units. It is also the largest homebuilding stock, with a market cap of more than $50 billion.\nHomebuilding Stocks Trigger Sell Signals\nThe news shook the homebuilding industry group, making it one of the five worst-performing groups Tuesday. Construction products, wood products and other related industry groups also were among the worst performing.\n\nAs D.R. Horton stock fell, sell signals were abundant in the homebuilding group, even as some pared losses.\nM/I Homes (MHO) fell further below its 50-day moving average and is nearly 13% below a 173.69 handle buy point, according to IBD MarketSurge pattern recognition.\nToll Bros. (TOL) gapped below its 50-day line in heavy volume, signaling a break of support.\nNVR (NVR) gapped further below its 50-day line. Meritage Homes (MTH) is 17% below the 210.58 entry of a brief breakout from an irregular base on Sept. 19.\nCentury Communities (CCS) gapped below its 200-day moving average. But some stocks including Beazer Homes (BZH), Hovnanian (HOV), Lennar (LEN) and Tri Pointe Homes (TPH) found support at their 200-day lines.\nThe iShares U.S. Home Construction ETF (ITB) was down nearly 4%, after dropping to a nearly 11-week low.\nYOU MAY ALSO LIKE:\nThe Four Pillars Of The IBD Methodology\nRisk Management In The Stock Market: How Much Money To Invest\nIBD Live: Learn And Analyze Growth Stocks With The Pros","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479232000"}