Home builders are lagging behind the broader market. As the stock market returned to all-time highs and consumer confidence is strong, shares of home builders have taken a beating, the Wall Street Journal reported. Toll Brothers has tumbled 23 percent this year while Lennar Corp. slid 17 percent. PulteGroup and D.R. Horton are down 14 percent and 11 percent, respectively. On the other hand, the S&P 500 has climbed 8.4 percent this year. The challenge […]
source https://therealdeal.com/2018/08/29/heres-why-home-builders-shares-are-tumbling-this-year/
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