Lumber And The Housing Market- A Rough Road Ahead [Seeking Alpha]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Seeking Alpha
SummaryLumber falls on the back of risk-off.Falling rates should be bullish for wood demand, but not this time.An infrastructure package could create demand.Lennar and Pulte shares plunge.Toll Brothers, D.R. Horton, and KB Home under intense pressure.Homebuilding requires lots of wood. Low mortgage rates in the US in 2018 prompted a boom in demand for new homes, which lifted the price of nearby lumber futures to an all-time high of $659 per 1,000 board feet. At the same time, trade frictions between the US and Canada, as the Trump administration renegotiated the NAFTA agreement, causing supply concerns to increase. The US imports wood from the timberlands in Canada to satisfy building requirements.Lumber can be a highly volatile commodity. Since May 2018, the price has traded from its record peak to a low of $251.50. The low came on April 1, 2020. The price of lumber has moved lower with the US stock market, as a deflationary spiral took hold of markets across many asset classes. Shar
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News
- D.R. Horton Unveils its First Master-Planned Community in Salem, Utah [Yahoo! Finance]Yahoo! Finance
- Lennar (LEN) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Jome Raises $9.8M in Series A Funding to Unlock Access to New Construction Homes Amid Housing Crisis [Yahoo! Finance]Yahoo! Finance
- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Wells Fargo & Company from $190.00 to $175.00. They now have an "overweight" rating on the stock.MarketBeat
- This strategy for getting a 5% mortgage isn't going away anytime soon [Yahoo! Finance]Yahoo! Finance
DHI
Earnings
- 10/29/24 - Miss
DHI
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- DHI's page on the SEC website