Homebuilding stocks like D.R. Horton, Inc. (DHI), Lennar Corporation (LEN), Dream Finders Homes, Inc. (DFH) and Toll Brothers Inc. (TOL) are likely to benefit from the steady growth in construction spending.
In the closing of the recent trading day, D.R. Horton (DHI) stood at $130.73, denoting a +0.18% change from the preceding trading day.
Homebuilder stocks have surged this year, with Lennar (LEN) and D.R. Horton (DHI) both up more than 40%, while Pultegroup (PHM) is up 100% year-to-date. BTIG does note that public builders are starting to saturate large metro areas, capping upside, and rate cuts could alter the landscape again. Yahoo Finance’s Dani Romero reports on this story and deep dives into the industry’s outlook on homebuilder stocks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.