D.R. Horton (DHI) closed at $159.68 in the latest trading session, marking a -1.04% move from the prior day.
D.R. Horton (DHI) reported earnings 30 days ago. What's next for the stock?
CNBC's Diana Olick joins 'The Exchange' to report on homebuilder sentiment improving and why homebuilder M&A is soaring.
D.R. Horton shares have declined due to macroeconomic concerns and disappointing outlooks from homebuilders, highlighting the sector's sensitivity to economic conditions. Despite short-term challenges, D.R. Horton benefits from a significant housing deficit and industry tailwinds, maintaining strong long-term growth potential. The recent rate cut caused market caution, impacting housing affordability and leading to lower margins and revenues for D.R. Horton.
The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. Housing stocks reacted in turn, with both the big public builders and building material companies falling sharply.
More companies are talking publicly with investors about the presidential election than in recent cycles.
D.R. Horton DHI reported worse-than-expected fourth-quarter EPS and sales results on Tuesday.
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 gained about 23% year-to-date. This is roughly in line with the S&P 500, which has gained about 22% over the same period.
The homebuilding sector is facing pressure today, after D.R.
D.R. Horton stock slid after the homebuilder's third-quarter earnings and sales fell and missed the consensus analyst estimates.
D.R. Horton, Inc. (NYSE:DHI ) Q4 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Jessica Hansen - SVP, IR and Communications David Auld - Executive Chairman Paul Romanowski - President and CEO Michael Murray - EVP and COO Bill Wheat - EVP and CFO Conference Call Participants Stephen Kim - Evercore ISI Matthew Bouley - Barclays John Lovallo - UBS Carl Reichardt - BTIG Sam Reid - Wells Fargo Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates Eric Bosshard - Cleveland Research Paul Przybylski - Wolfe Research Anthony Pettinari - Citi Ken Zener - Seaport Research Partners Rafe Jadrosich - Bank of America Susan Maklari - Goldman Sachs Jade Rahmani - KBW Operator Good morning, and welcome to the Fourth Quarter 2024 Earnings Conference Call for D.R. Horton America's Builder, the largest builder in the United States.
DHI's fiscal fourth-quarter results are hurt by delayed purchases amid ongoing affordability challenges.