Florida Is A Top State For New Home Builds — Could Hurricane Milton Slow It Down? 4 Homebuilder Stocks That Could Come Under Pressure

Group 1 - Hurricane Milton has caused significant damage in Florida, potentially delaying new home construction and impacting the overall U.S. housing market [1] - Florida accounts for 14% of single-family home permits and ranks second in the U.S. for new home construction, with major cities like Jacksonville, Orlando, and Tampa among the top for new builds [2] - Home builders with high exposure in Florida include Taylor Morrison Home Corp, PulteGroup, Lennar Corp, and D.R. Horton Inc [1][2] Group 2 - Lennar reported a 5% year-over-year increase in new orders to 20,587 homes and a 16% year-over-year increase in deliveries to 21,516 homes, with a backlog of 16,944 homes valued at approximately $7.7 billion [3] - Upcoming quarterly earnings reports from Pulte, Taylor Morrison, and D.R. Horton may reflect conservative outlooks due to the hurricane's impact [2][3] - The iShares U.S. Home Construction ETF includes significant holdings in D.R. Horton (14.6%), Lennar (11.7%), and Pulte (7.8%) [3]