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April 22, 2019, 10:27 a.m. EDT

Home builder stock knocked broadly lower after existing-home sales data disappoints

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By Tomi Kilgore

The home builder sector was knocked broadly lower morning trade Monday, after data showing that existing-home sales for March fell more than expected. The iShares U.S. Home Construction ETF /zigman2/quotes/203468436/composite ITB +3.64% dropped 1.1%, with 40 of 47 components trading lower, to pull back from Thursday's 8-month closing high. Among the most-active home builder shares, D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI +2.66% slumped 1.9%, KB Home /zigman2/quotes/206220859/composite KBH +5.23% shed 1.5%, Lennar Corp. /zigman2/quotes/202536373/composite LEN +5.41% lost 1.3%, Toll Brothers Inc. /zigman2/quotes/201912487/composite TOL +9.21% fell 1.1% and TRI Pointe Group Inc. /zigman2/quotes/204302452/composite TPH +4.91% slid 1.9%. Earlier, the National Association of Realtors said Monday that March existing-home sales ran at a seasonally adjusted annual rate of 5.21 million, down 4.9% from February and below expectations of a 5.3 million rate. The home construction ETF has still climbed 26% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.36% has gained 16%.

/zigman2/quotes/203468436/composite
US : U.S.: Cboe BZX
$ 45.51
+1.60 +3.64%
Volume: 3.28M
June 3, 2020 4:00p
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 56.67
+1.47 +2.66%
Volume: 4.33M
June 3, 2020 4:00p
P/E Ratio
11.18
Dividend Yield
1.24%
Market Cap
$20.60 billion
Rev. per Employee
$1.93M
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/zigman2/quotes/206220859/composite
US : U.S.: NYSE
$ 36.81
+1.83 +5.23%
Volume: 2.02M
June 3, 2020 4:00p
P/E Ratio
11.58
Dividend Yield
0.98%
Market Cap
$3.33 billion
Rev. per Employee
$2.37M
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/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 63.47
+3.26 +5.41%
Volume: 4.52M
June 3, 2020 4:00p
P/E Ratio
10.10
Dividend Yield
0.79%
Market Cap
$19.82 billion
Rev. per Employee
$1.77M
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/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 35.80
+3.02 +9.21%
Volume: 2.91M
June 3, 2020 4:00p
P/E Ratio
10.51
Dividend Yield
1.23%
Market Cap
$4.54 billion
Rev. per Employee
$1.50M
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/zigman2/quotes/204302452/composite
US : U.S.: NYSE
$ 15.39
+0.72 +4.91%
Volume: 1.52M
June 3, 2020 4:00p
P/E Ratio
8.99
Dividend Yield
N/A
Market Cap
$2.00 billion
Rev. per Employee
$2.27M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,122.87
+42.05 +1.36%
Volume: 3.16B
June 3, 2020 5:18p
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