Over the past decade, top homebuilders such as D.R. Horton and Lennar have shown impressive returns, outpacing the broader S&P 500 index. However, recent downgrades in their investment outlook have raised concerns among analysts about the industry’s future prospects. Despite this, there are still investors who remain optimistic about the performance of homebuilders in the
Real Estate
In July, closed sales of previously owned homes increased by 1.3% compared to June, reaching a seasonally adjusted, annualized rate of 3.95 million units. This marked the first uptick in sales after five consecutive months of decline. However, sales were still 2.5% lower compared to the same period last year. The Northeast region experienced the
The recent decrease in mortgage rates over the past few weeks has not translated to an increase in refinance applications. In fact, applications to refinance a home loan dropped by 15% last week. This decline comes after a 23% surge in demand over the past four weeks due to falling mortgage rates. It is worth