D.R. Horton remains attractively valued due to the promising home buying trends, the narrowing price gap between new/ resale homes, and its attractively priced inventories. With the mortgage rates already moderating from recent heights while nearing the magic rate of 5%, it is unsurprising the management has raised the FY2024 sales and home closings guidance. DHI's diversified operations across rentals and financial services support its investment thesis, significantly aided by the buyers' stronger FICO scores and higher incomes.
Hurricane Milton could slow down new home construction in the state of Florida, which could have a negative impact on the overall U.S. housing market.
In the closing of the recent trading day, D.R. Horton (DHI) stood at $197.06, denoting a +1.48% change from the preceding trading day.
A shortage of homes and falling interest rates should make the stock of homebuilder D.R. Horton, Inc. (DHI) rise higher.
It's been nearly a month since Kamala Harris and Tim Walz released their agenda to lower costs for American families.
One of these stocks stands to benefit from interest rate cuts that could be on the way. Another will soon launch a new product that could become its most successful ever.
Yesterday, mortgage rates fell for a sixth-straight week and hit their lowest level since February 2023, with the average contract interest rate for a 30-year fixed-rate mortgages with conforming loan balances dropping to 6.29%.
D.R. Horton (DHI) concluded the recent trading session at $187.53, signifying a +0.01% move from its prior day's close.
A majority of economists now expect the U.S.
Homebuilder stocks surged in July as a
D.R. Horton is the largest U.S. homebuilder, and the stock has been hitting all-time highs. The company increased its market share in an industry that outpaced the overall housing sector.
When the Federal Reserve cuts interest rates – as it's all but guaranteed to start doing in September – it has wide-ranging impacts on markets. What are the implications for the dollar?