Homebuilders Rally Stalls After D.R. Horton Disappoints Bulls
- D.R. Horton third quarter orders missed bull-case expectations
- Builder stocks have been notching record highs of late
The rally in homebuilding stocks has hit a stumbling block after results from industry bellwether D.R. Horton Inc. missed some lofty investor expectations.
A sector benchmark, which has logged gains in six of the past seven weeks, is dipping once again as Wall Street ponders if stock prices have gotten too rich as homebuilding stocks hit new heights amid robust housing demand and lean inventory.