DR Horton IncDHI
▼ NegativeDemandrelevance
Housing market slowdown with falling home sales and prices signals reduced demand for new homes, negatively impacting DR Horton.
Impact on stocks 1
Consumer Discretionary
DR Horton IncMacro analyst Jason Pizzino warns that the first sign of an impending market crash has emerged from US housing, based on an 18-year property cycle drawn from 220 years of sales data. The current cycle, which began around 2011-2012, places the housing peak in 2025-26 and a possible trough in 2029-30. Recent data supports this: US home prices rose only 1.5% year-on-year in June, falling in real terms for a 13th consecutive month, while July new-home sales dropped 10.5% and the median price fell to $393,800, its lowest in five years. Pizzino points to homebuilder D.R. Horton, which peaked before the broader market in the last cycle; its late-2024 peak suggests a stock-market top around late 2026 or early 2027. Bitcoin, trading near $79,700, could rally to about $120,000, but $180,000 is seen as harder if credit tightens. Pizzino advises investors to have a plan before credit disappears, while analyst Benjamin Cowen recommends continuing regular index fund purchases despite potential corrections.
DR Horton IncHousing market slowdown with falling home sales and prices signals reduced demand for new homes, negatively impacting DR Horton.