- Editor's PickMelody Hahm•16 hours ago
Single-family home construction is not meeting demand in 80% of US metro areas, according to a new survey from the National Association of Realtors (NAR). NAR reviewed new home construction relative to job gains over a three-year period (2013-2015) in 171 US metro areas and found this housing shortage threatens to hold back prospective buyers in the largest US cities.
- Barrons.com•16 hours ago
Home builder D.R. Horton (DHI) is winning fans in credit markets. On Tuesday, Fitch Ratings upgraded it to triple-B-minus Tuesday, the first rung of investment grade. With S&P's upgrade back in August, the bonds will be added to investment grade indices, notes research firm Credit Sights, which has rated the bonds Outperform since last June.
- Reuters•8 days ago
Lennar Corp, the second-largest U.S. homebuilder, cut its gross margin forecast for the fourth quarter due to rising land and labor costs, problems that could weigh on rivals such as PulteGroup Inc as well. Lennar's shares fell as much as 5.1 percent on a day the broader housing sector was down due to lackluster housing data. Lennar also posted its slowest growth in orders - a key indicator of future revenue - in more than a year as it grapples with choppy demand for higher-priced homes in Houston, where the economy has been hit hard by a two-year downturn in oil prices.
DR Horton Inc. (DHI)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||25.19 x 100|
|Ask||32.99 x 300|
|Day's Range||29.76 - 30.25|
|52wk Range||22.97 - 34.56|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||13.35|
|Avg Vol (3m)||3,790,326|
|Dividend & Yield||0.32 (1.07%)|