D.R. Horton and Lennar Stocks Jump After Congress Passes Housing Supply Bill

IndustryMacro Impact 4

โดย Yahoo Finance·Read original

Summary · why it matters

Shares of D.R. Horton and Lennar rose sharply after both chambers of Congress passed the 21st Century ROAD to Housing Act, the most significant federal housing-supply legislation since 1990. D.R. Horton jumped 6.9% and Lennar gained 6.8% as the bill aims to cut red tape, streamline environmental reviews, modernize manufactured-housing rules, and bar institutional owners of 350-plus single-family homes from buying more existing homes. The legislation is seen as a multi-year volume driver for builders by lowering construction costs and friction, while the 350-home cap may shift demand toward new construction. Adding to the positive sentiment, peer KB Home reported quarterly revenue of $1.11 billion, beating the $1.10 billion consensus, and the 10-year Treasury yield dropped below 4.5%, easing mortgage rate pressures.