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Stock impact report

New-Home Sales Seen Dipping Slightly in October. What to Know. [MarketWatch]

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Company Research Source: MarketWatch
There's likely more at play than a decrease from pandemic demand. FactSet estimates call for a seasonally adjusted annual rate of 795,000 new single-family homes sold in October, slightly down from a preliminary 800,000 in September. Such a rate would be down significantly from the same period last year, but higher than any other seasonally adjusted annual rate for October since 2006. Eyes are on the housing market to see if an unusually hot 2021 will carry into the new year. The pandemic prompted a surge of home buyers. Supply, meanwhile, remained relatively tight. As a result, home prices have climbed at the fastest pace on record If recent commentary from companies is any indication, demand for homes has remained strong into the fall, even as competition has thinned since the spring and summer homebuying frenzy. “I think it's pretty clear that the market is not as white-hot right now as it was in the spring, but we're still seeing very strong demand,” Michael Murray, chief op Show less Read more
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