D.R. Horton (DHI) Soars 45% in 6 Months: More Upside in 2024?
D.R. Horton(DHI) Zacks Investment Research·2024-03-21 15:11The scarcity of available existing homes for sale, coupled with a positive trend in mortgage rates and indications from the Federal Reserve suggesting a potential rate cut, indicates growing optimism in the homebuilding industry. In this environment, quality homebuilding stocks such as D.R. Horton (DHI) may provide a safe haven. DHI’s stability and strong fundamentals position it well to withstand challenges within the industry.D.R. Horton has been reaping the benefits of the abovementioned tailwind, along ...