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3 Homebuilding Stocks Fall After D.R. Horton's Q3 Report
DHID.R. Horton(DHI) Schaeffers Investment Research·2024-10-29 17:30

Homebuilding Sector Overview - The homebuilding sector is under pressure following D.R. Horton (DHI) reporting disappointing fiscal fourth-quarter results and providing worse-than-expected guidance for 2025, leading to DHI's worst trading day since March 2020 [1] D.R. Horton (DHI) - D.R. Horton is experiencing significant declines in stock performance due to its lackluster earnings report and negative outlook for the upcoming year [1] Lennar Corp (LEN) - Lennar's stock is one of the worst performers on the S&P 500 Index, trading 3.5% lower at 168.06,markingitslowestlevelsinceJuly,withaquarterlydeclineof10.6168.06, marking its lowest level since July, with a quarterly decline of 10.6% but a year-to-date increase of 12.5% [2] KB Home (KBH) - KB Home's stock is down 3.2% at 77.45, having traded as low as 74,itslowestsinceearlyAugust,andisontrackforathirdlossinfivesessions,withaquartertodatedeficitof9.474, its lowest since early August, and is on track for a third loss in five sessions, with a quarter-to-date deficit of 9.4% [3] PulteGroup, Inc. (PHM) - PulteGroup's stock has decreased by 3.6%, last seen at 129, with a dip to $122 marking its lowest since late August, and is down 10.2% for the quarter, trading below its 80-day moving average for the first time since early July [4]