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May 24, 2022, 10:25 a.m. EDT

Home builder stocks suffer unanimous selloff after disappointing new home sales data

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By Tomi Kilgore

The home builder sector was suffering a unanimous selloff in morning trading Tuesday, after data showing new home sales surprisingly fell in April, and sharply, amid high prices, rising mortgage rates and low supply. The iShares U.S. Home Construction ETF /zigman2/quotes/203468436/composite ITB +4.48% sank 3.4%, with all 47 equity components losing ground, while the SPDR S&P Homebuilders ETF /zigman2/quotes/202739297/composite XHB +3.38% dove 3.4% with all 35 components falling, to underperform the S&P 500's /zigman2/quotes/210599714/realtime SPX +1.06% 2.1% slide. Both ETFs were on track for the lowest closes since January 2021. Among some of the more-active home builders, shares of D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI +5.89% shed 3.7%, PulteGroup Inc. /zigman2/quotes/201694804/composite PHM +6.54% fell 4.5%, KB Home /zigman2/quotes/206220859/composite KBH +4.18% slid 4.1% and Lennar Corp. /zigman2/quotes/202536373/composite LEN +5.71% gave up 4.0%. Elsewhere, share of home improvement retailer Home Depot Inc. /zigman2/quotes/208081807/composite HD +1.75% declined 1.5%

/zigman2/quotes/203468436/composite
US : U.S.: Cboe BZX
$ 54.85
+2.35 +4.48%
Volume: 5.17M
July 1, 2022 4:10p
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/zigman2/quotes/202739297/composite
US : U.S.: NYSE Arca
$ 56.56
+1.85 +3.38%
Volume: 3.21M
July 1, 2022 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,825.33
+39.95 +1.06%
Volume: 2.20B
July 1, 2022 5:45p
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 70.09
+3.90 +5.89%
Volume: 4.59M
July 1, 2022 4:00p
P/E Ratio
5.02
Dividend Yield
1.28%
Market Cap
$24.67 billion
Rev. per Employee
$2.58M
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/zigman2/quotes/201694804/composite
US : U.S.: NYSE
$ 42.22
+2.59 +6.54%
Volume: 3.38M
July 1, 2022 4:04p
P/E Ratio
5.18
Dividend Yield
1.42%
Market Cap
$10.03 billion
Rev. per Employee
$2.33M
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/zigman2/quotes/206220859/composite
US : U.S.: NYSE
$ 29.65
+1.19 +4.18%
Volume: 2.18M
July 1, 2022 4:00p
P/E Ratio
4.06
Dividend Yield
2.02%
Market Cap
$2.63 billion
Rev. per Employee
$2.79M
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/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 74.60
+4.03 +5.71%
Volume: 3.53M
July 1, 2022 4:00p
P/E Ratio
5.11
Dividend Yield
2.01%
Market Cap
$21.58 billion
Rev. per Employee
$2.82M
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/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 279.08
+4.81 +1.75%
Volume: 2.82M
July 1, 2022 4:00p
P/E Ratio
17.72
Dividend Yield
2.72%
Market Cap
$286.83 billion
Rev. per Employee
$310,976
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