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Stock impact report

U.S. home-builder confidence rebounds [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
Home-builder confidence rebounds from 3-year low as housing market catches a break The numbers: The National Association of Home Builders’ monthly confidence index rose 2 points in January to a reading of 58. What happened: The January increase reversed two months of declines and beat the Econoday forecast of a 1-point increase. The builder lobby group said falling mortgage rates were buoying sentiment among their members, though there have been other signals that housing may enjoy a rebound in 2019. The index component that tracks current sales conditions rose 2 points to 63 while the tracker of expected conditions over the coming six months was up 3 points to 64. The gauge of buyer traffic ticked up 1 point to 44. Any reading over 50 signals improvement. Big picture: The reprieve in mortgage rates is certainly helping the housing market. The Mortgage Bankers Association said Wednesday that mortgage purchase applications were at the highest level since 2010. Higher borrowing costs Show less Read more
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