Barclays cuts homebuilding stocks on flattening home prices, elevated incentives

Investing.com12-12

Barclays (LON:BARC) on Wednesday downgraded the ratings of some U.S. homebuilding stocks DR Horton Inc (NYSE:DHI), Lennar Corporation (NYSE:LEN), PulteGroup Inc (NYSE:PHM) and KB Home (NYSE:KBH) from ...

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href=https://finance.yahoo.com/news/barclays-cuts-homebuilding-stocks-flattening-180336009.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Barclays (LON:BARC) on Wednesday downgraded the ratings of some U.S. homebuilding stocks DR Horton Inc (NYSE:DHI), Lennar Corporation (NYSE:LEN), PulteGroup Inc (NYSE:PHM) and KB Home (NYSE:KBH) from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/barclays-cuts-homebuilding-stocks-flattening-180336009.html\">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":"LU1165135440.EUR","symbol_name":"BNP Paribas Aqua Classic Cap 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including Azek Company Inc  and Ferguson Enterprises .“We move to the sidelines on homebuilder stocks entering 2025 but expect building products and distributors to outperform homebuilders and the market, leading us to maintain our Positive industry view,” Barclays said in a note.For next year, Barclays forecast that single-family housing starts +2%, multifamily starts -2%, R&R spending +1%, ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0566484027.USD":"安本美国小盘成长股","LEN":"莱纳建筑公司","IE00B3CCJ633.GBP":"GUINNESS SUSTAINABLE ENERGY \"C\" (GBP) ACC","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","DHI":"霍顿房屋","IE00B2PGVK34.USD":"GUINNESS SUSTAINABLE ENERGY \"C\" 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in new and existing home inventory will lead to flattening home prices and persistently elevated incentives.\nBarclays also upgraded Taylor Morrison Home (NYSE:TMHC) Corp to Overweight based on relative valuation and noted that building products&distributors will outperform, as their end markets are nearing a trough.\nIt also upgraded Owens Corning Inc (NYSE:OC) to Overweight and maintained Overweight ratings for key players including Azek Company Inc (NYSE:AZEK) and Ferguson Enterprises (NYSE:FERG).\n“We move to the sidelines on homebuilder stocks entering 2025 but expect building products and distributors to outperform homebuilders and the market, leading us to maintain our Positive industry view,” Barclays said in a note.\nFor builders, following two years of relative stock outperformance and an unprecedented market recovery despite high interest rates and affordability challenges, Barclays believes the new construction market has now hit a ceiling.\nFor next year, Barclays forecast that single-family housing starts +2%, multifamily starts -2%, R&R spending +1%, and existing home sales +6%.\nRelated Articles\nBarclays cuts homebuilding stocks on flattening home prices, elevated incentives\nTesla hits record high as post-election surge continues\nUS charges ex-TD Bank employee with helping to launder money to Colombia","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","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; 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