Homebuilder shares have surged this 12 months, with Lennar (LEN) and D.R. Horton (DHI) each up greater than 40%, whereas Pultegroup (PHM) is up 100% year-to-date.
BTIG does notice that public builders are beginning to saturate giant metro areas, capping upside, and price cuts may alter the panorama once more. Yahoo Finance’s Dani Romero experiences on this story and deep dives into the trade’s outlook on homebuilder shares.
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