Reported about 11 hours ago
Homebuilder stocks are recovering from a tough start to the year, thanks to better-than-expected quarterly results from D.R. Horton and PulteGroup. D.R. Horton reported fiscal Q3 revenue of $9.23 billion and earnings per share of $3.36, while PulteGroup's results showed $4.4 billion in revenue and $3.03 earnings per share. Despite ongoing challenges like high interest rates and affordability issues, the positive results have lifted both companies' shares significantly, alongside other homebuilders.
Source: YAHOO