The Zacks Analyst Blog Highlights: PulteGroup, Meritage Homes, Lennar, M.D.C. And D.R. Horton
Zacks Investment Research | Mar 09, 2020 09:49PM ET
For Immediate Release
Chicago, IL – March 10, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: PulteGroup Inc. (NYSE:PHM) , Meritage Homes Corp. (NYSE:MTH) , Lennar Corp. (NYSE:LEN) , M.D.C. Holdings Inc. (NYSE:MDC) and D.R. Horton, Inc. (NYSE:DHI) .
Here are highlights from Monday’s Analyst Blog:
Can Home Builders Continue to Thrive Amid Coronavirus Threat?
Wall Street has been grappling with the coronavirus-induced volatility since the last week of February. While almost all industries have been bearing the brunt of this turmoil, one industry — the home builders — has kept on growing. A stable U.S. economy and record low market interest rate, which resulted in sharp decline in mortgage rate, primary catalysts driving the industry.
Housing Market on Strong Footing
While the broader market has been volatile amid mounting global panic over the economic impact of the coronavirus outbreak, housing is expected to remain shielded. Presently, the economic backdrop for U.S. housing is favorable as declining interest/mortgage rates, low unemployment and increasing wages are somewhat offsetting the headwinds. Moreover, the increasing shift of millennials from their parental homes is driving demand for new homes. (Read More: Zacks Investment Research
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