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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 +0.71% 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 +0.90% slumped 1.9%, KB Home /zigman2/quotes/206220859/composite KBH +0.94% shed 1.5%, Lennar Corp. /zigman2/quotes/202536373/composite LEN +1.08% lost 1.3%, Toll Brothers Inc. /zigman2/quotes/201912487/composite TOL -0.02% fell 1.1% and TRI Pointe Group Inc. /zigman2/quotes/204302452/composite TPH +1.39% 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 -0.39% has gained 16%.

/zigman2/quotes/203468436/composite
US : U.S.: Cboe BZX
$ 45.27
+0.32 +0.71%
Volume: 941,858
Oct. 18, 2019 4:10p
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 53.97
+0.48 +0.90%
Volume: 3.55M
Oct. 18, 2019 6:30p
P/E Ratio
12.96
Dividend Yield
1.11%
Market Cap
$20.31 billion
Rev. per Employee
$1.93M
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/zigman2/quotes/206220859/composite
US : U.S.: NYSE
$ 36.48
+0.34 +0.94%
Volume: 1.58M
Oct. 18, 2019 6:30p
P/E Ratio
14.49
Dividend Yield
0.99%
Market Cap
$3.22 billion
Rev. per Employee
$2.37M
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/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 61.71
+0.66 +1.08%
Volume: 4.06M
Oct. 18, 2019 6:30p
P/E Ratio
10.21
Dividend Yield
0.26%
Market Cap
$19.60 billion
Rev. per Employee
$1.77M
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/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 40.59
-0.01 -0.02%
Volume: 1.26M
Oct. 18, 2019 6:30p
P/E Ratio
8.62
Dividend Yield
1.08%
Market Cap
$5.70 billion
Rev. per Employee
$1.50M
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/zigman2/quotes/204302452/composite
US : U.S.: NYSE
$ 16.05
+0.22 +1.39%
Volume: 1.84M
Oct. 18, 2019 6:30p
P/E Ratio
12.24
Dividend Yield
N/A
Market Cap
$2.28 billion
Rev. per Employee
$2.27M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
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