Finance Housing Market News

"D.R. Horton's Impact on Homebuilder Stocks and Margins"

D.R. Horton's weaker-than-expected quarterly orders and earnings per share miss led to a 9% drop in its stock, impacting the SPDR S&P Homebuilders ETF as well. The company plans to continue using mortgage rate buydowns as an incentive for buyers, despite caution over potential rate shifts.