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March 17, 2021, 9:40 a.m. EDT

Home builder stocks take a broad hit after disappointing housing starts data

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By Tomi Kilgore

Shares of home builders were broadly lower Wednesday, after data showing February housing starts dropped a lot more than expected, while building permits took a surprise turn lower. The iShares U.S. Home Construction ETF /zigman2/quotes/203468436/composite ITB -1.54% dropped 1.4%, with 42 of 46 equity components losing ground. Among the more active home builders, shares of Lennar Corp. /zigman2/quotes/202536373/composite LEN -1.91% lost 0.6%, Toll Brothers Inc. /zigman2/quotes/201912487/composite TOL -1.68% gave up 1.6%, D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI -1.17% declined 1.1% and PulteGroup Inc. /zigman2/quotes/201694804/composite PHM -1.20% shed 0.9%. Elsewhere, shares of home improvement retailers Home Depot Inc. /zigman2/quotes/208081807/composite HD -1.74% inched less than 0.1% lower while Lowe's Companies Inc. were down 0.7%. In comparison, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.33% gained 63 points, or 0.2%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.54% slipped 0.6%.

/zigman2/quotes/203468436/composite
US : U.S.: Cboe BZX
$ 71.71
-1.12 -1.54%
Volume: 1.93M
May 17, 2021 1:11p
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/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 97.81
-1.90 -1.91%
Volume: 1.25M
May 17, 2021 1:10p
P/E Ratio
9.98
Dividend Yield
1.02%
Market Cap
$30.44 billion
Rev. per Employee
$2.37M
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/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 61.91
-1.06 -1.68%
Volume: 562,511
May 17, 2021 1:11p
P/E Ratio
16.34
Dividend Yield
1.10%
Market Cap
$7.75 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 95.16
-1.13 -1.17%
Volume: 1.68M
May 17, 2021 1:10p
P/E Ratio
11.03
Dividend Yield
0.84%
Market Cap
$34.71 billion
Rev. per Employee
$2.09M
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/zigman2/quotes/201694804/composite
US : U.S.: NYSE
$ 57.76
-0.70 -1.20%
Volume: 838,109
May 17, 2021 1:10p
P/E Ratio
10.35
Dividend Yield
0.97%
Market Cap
$15.46 billion
Rev. per Employee
$2.10M
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/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 318.00
-5.63 -1.74%
Volume: 2.23M
May 17, 2021 1:11p
P/E Ratio
26.60
Dividend Yield
2.08%
Market Cap
$347.97 billion
Rev. per Employee
$261,708
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,268.95
-113.18 -0.33%
Volume: 141.39M
May 17, 2021 1:11p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,151.51
-22.34 -0.54%
Volume: 1.12B
May 17, 2021 1:11p
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