News

Homebuilder stocks drop after report on weaker order trends

Homebuilders stocks are falling after a report from a housing market research firm.

Zelman & Associates sent a note to its clients before the market open Wednesday, saying housing orders were seasonally weaker than normal, a person familiar with the report said.

Shares of KB Home, D.R. Horton, Tolls Brothers and Lennar all fell by more than 4 percent Wednesday.

Zelman & Associates was founded in 2007 by Ivy Zelman. The firm surveys industry executives with housing market expertise to generate proprietary research for institutional investors and corporate executives. The founder is known for her prescient predictions such as calling the housing peak in 2005 and the housing bottom in 2012.

Products You May Like

Articles You May Like

Investing In Real Estate For Big Dividends | Joseph Carlson Ep. 72
Why Your Rental Property Isn’t Making Money
Real Estate Investing Advice for beginner (United States)
EXPIRED! House Not Selling in a Hot Market | Real Estate Agent Barb Schlinker (719) 301 1802
‘Real Housewives’ star in hot seat over alleged fake house-flipping l GMA

Leave a Reply

Your email address will not be published. Required fields are marked *