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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 +0.51% 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 +0.83% lost 0.6%, Toll Brothers Inc. /zigman2/quotes/201912487/composite TOL +0.49% gave up 1.6%, D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI +0.32% declined 1.1% and PulteGroup Inc. /zigman2/quotes/201694804/composite PHM +0.32% shed 0.9%. Elsewhere, shares of home improvement retailers Home Depot Inc. /zigman2/quotes/208081807/composite HD +0.10% 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 +0.34% slipped 0.6%.

/zigman2/quotes/203468436/composite
US : U.S.: Cboe BZX
$ 67.59
+0.34 +0.51%
Volume: 169,046
Jan. 27, 2023 10:16a
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/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 100.86
+0.84 +0.83%
Volume: 88,224
Jan. 27, 2023 10:17a
P/E Ratio
6.39
Dividend Yield
1.49%
Market Cap
$28.53 billion
Rev. per Employee
$3.13M
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/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 57.44
+0.28 +0.49%
Volume: 52,863
Jan. 27, 2023 10:15a
P/E Ratio
5.19
Dividend Yield
1.39%
Market Cap
$6.27 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 97.12
+0.31 +0.32%
Volume: 216,387
Jan. 27, 2023 10:17a
P/E Ratio
6.01
Dividend Yield
1.03%
Market Cap
$33.24 billion
Rev. per Employee
$2.54M
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/zigman2/quotes/201694804/composite
US : U.S.: NYSE
$ 52.54
+0.17 +0.32%
Volume: 91,642
Jan. 27, 2023 10:16a
P/E Ratio
5.33
Dividend Yield
1.22%
Market Cap
$11.84 billion
Rev. per Employee
$2.49M
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/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 314.14
+0.32 +0.10%
Volume: 417,577
Jan. 27, 2023 10:17a
P/E Ratio
18.99
Dividend Yield
2.41%
Market Cap
$319.83 billion
Rev. per Employee
$320,609
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,062.82
+113.41 +0.33%
Volume: 0.00
Jan. 27, 2023 10:17a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,074.07
+13.64 +0.34%
Volume: 0.00
Jan. 27, 2023 10:17a
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