Homebuilder sentiment turns higher in January after mortgage rates drop [CNBC]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: CNBC
Homebuilder sentiment turns higher in January after mortgage rates drop Daniel Acker | Bloomberg | Getty Images A 'Open House' sign stands outside a new home for sale in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. The downturn in mortgage interest rates that began in November finally has homebuilders feeling better about their business. The index stood at 72 in January of 2018. Anything above 50 is considered positive. "The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment," said NAHB Chairman Randy Noel. "Low unemployment, solid job growth and favorable demographics should support housing demand in the coming months." Of the index's three components, current sales conditions rose two points to 63. Sales expectations over the next six months increased three points to 64, and buyer traffic through new home models rose one point to 44. Buyer traffic is the only component in negative territory. Some of the nation's largest
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DHI
Earnings
- 1/23/24 - Miss
DHI
Sec Filings
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- DHI's page on the SEC website