|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.50 - 35.97|
|52 Week Range||26.69 - 37.44|
|PE Ratio (TTM)||13.93|
|Dividend & Yield||0.40 (1.12%)|
|1y Target Est||N/A|
The housing sector is a key part of the U.S. economy. It provides jobs for thousands of construction workers and creates demand for billions of dollars of consumer spending. While it took the housing sector a little longer than normal to recover after the previous recession — because it was one of the primary drivers of the last recession — it has been a stable contributor to the U.S. gross domestic product (GDP) for the past few years.
U.S. homebuilding unexpectedly fell in July as the construction of multi-family houses tumbled to a 10-month low, but strong job growth is expected to continue to support the housing market recovery. Housing starts declined 4.8 percent to a seasonally adjusted annual rate of 1.16 million units, hurt also by a drop in groundbreaking on single-family projects, the Commerce Department said on Wednesday.
Ken breaks down homebuilder D.R. Horton's daily chart.