Reported 12 months ago
Homebuilder stocks are facing downgrades as analysts express worries about a weakening in crucial areas like Florida and Texas, with concerns about a 'sluggish' housing market persisting in the second half of the year. Companies like Lennar Corp. and D.R. Horton Inc. were downgraded by Citigroup Inc. and Raymond James Financial Inc. analysts, with a focus on worsening housing fundamentals and rising home inventories in key markets. Shares fell for these companies after a strong 2023, reflecting an industry-wide trend of more measured growth in 2024.
Source: YAHOO