drhorton
As dubious as the signals within the housing market, stocks like DR Horton (NYSE:DHI) have been rallying to new highs. The rally is driven by outperformance in the face of rising rates and falling mortgage demand, and it may continue. The Q3 report is more of the same strength, but there is a caveat. Key Points DR Horton had a blowout quarter, but shares fell more than 4.0%.The pace of new orders increased but was insufficient to offset the decline in earlier quarters.Analysts have supported the rally but the stock looks overbought and overpriced.5 stocks we like better than DR HortonFind A Qu...
ValueWalk
Key Points DR Horton shoots higher on solid results but don’t chase the price.The backlog continues to dwindle, leaving room to doubt the long-term earnings outlook.The yield is safe, but other places exist to find better yields and outlooks.5 stocks we like better than DR HortonAs good as DR Horton’s (NYSE:DHI) Q2 results and outlook are, the home building industry is rushing toward a cliff that points to slowing sales over the long term. Supply/demand imbalances aside, the rise of inflation and interest rates is hurting the market; the quarterly strength is due primarily to a reduction in mo...
ValueWalk
The most important chart in housing… The ultimate predictor of home prices… Are we in for another 2008? The 2008 Housing Crash1. You probably remember the 2008 housing crisis all too well… More than eight million Americans lost their homes. Another 10 million lost their jobs. And the average home lost over a quarter of its value. Q4 2022 hedge fund letters, conferences and more Now, many folks think we’re rushing toward another 2008-style housing crash. According to a recent survey by Cinch Home Services, 53% of prospective homebuyers believe the real estate market will crash this year. I unde...
ValueWalk
D R Horton shares are up on a knee-jerk reaction to inflation data.The company had a decent Q4 but the outlook is dimming.Falling sales and backlog point to a weak year in 2023.If you are wondering why shares of D R Horton (NYSE:DHI) stock shot up more than 10% in the wake of the Q4 results it wasn’t because of the results. The stock shot up more than 10% on a knee-jerk reaction to some news that is, ultimately, bad news for D R Horton. That news? The CPI for October. It came in below expectations and showed what the media calls cooling but is really a slowing of growth. Q3 2022 hedge fund let...
ValueWalk
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