D.R. Horton Stock News

D.R. Horton, PulteGroup and Lennar have all outperformed since Tuesday's midterm elections.

The mortgage company Rocket was down 1.2% after closing 8.7% higher Wednesday, while United Wholesale Mortgage was down 4.4% after closing 6.3% higher the day prior.

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D.R. Horton's fiscal fourth-quarter net income fell as the recent spike in mortgage rates weighed on orders and boosted cancellations, and the home builder warned the slump is likely to continue in fiscal 2027.

ARLINGTON, Texas--(BUSINESS WIRE)---- $DHI #earnings--D.R. Horton reported net income for its fourth fiscal quarter of fiscal 2026 was $741.8 million and earnings per diluted share were $2.67.

Investors questioning the returns on artificial intelligence (AI) spending should consider securing exposure to another sector: US homebuilders. Housing stocks charged higher on Thursday as Treasury yields declined, offering a glimpse of how they stand to benefit from a rotation out of technology due to AI bubble concerns.

Competition for buyers is heating up, which will force companies like Lennar and KB home to beef up incentives.