|Bid||105.40 x 800|
|Ask||106.00 x 900|
|Day's Range||103.35 - 106.39|
|52 Week Range||38.51 - 106.39|
|Beta (5Y Monthly)||1.52|
|PE Ratio (TTM)||10.83|
|Earnings Date||Jun 14, 2021 - Jun 18, 2021|
|Forward Dividend & Yield||1.00 (0.94%)|
|Ex-Dividend Date||Apr 20, 2021|
|1y Target Est||108.92|
The homebuilder sector enjoyed a unanimous rally toward a record Friday, after data showing that new-home construction in March surged more than expected. the SPDR S&P Homebuilders ETF rallied 1.6% toward a record close, with all 35 equity components gaining ground. Among the more active homebuilders, shares of Toll Brothers Inc. climbed 1.9% and D.R. Horton Inc. hiked up 2.3%, both into record territory, while Lennar Corp. advanced 1.0%, in range of its April 9 record close of $105.52. Also in the homebuilders ETF, shares of Home Depot Inc. rallied 1.3% and Lowe's Companies jumped 1.5%, both toward record closes. The homebuilders ETF has run up 29.6% year to date, while the S&P 500 has gained 11.2%. Housing starts in March rose 19% from February to a seasonally adjusted annual rate of 1.74 million, topping expectations of 1.62 million.
Housing starts leaped 19.4% last month to a 1.74 million annualized rate, beating forecasts. Pulte, Horton, Lennar and other homebuilders benefited.
Jeff Taylor the Co-Founder & Managing Partner at Mphasis Digital Risk breaks down what's next in the housing market.