How the 2024 election could impact homebuilder stocks

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A housing shortage has supercharged the financial performance of large single-family homebuilders in the U.S. as the industry consolidates.

Shareholder returns for top homebuilders D.R. Horton and Lennar outpaced the wider S&P 500 between August 2014 and August 2024. Analysts downgraded the investment outlook of both companies this summer. However, some investors remainPerformance of D.R. Horton and Lennar against the S&P500.

Quintero's research suggests lower levels of competition among homebuilders may contribute to the U.S. housing shortage.The United States would need to rapidly build millions of new homes to slow the recent rise in housing prices. Margaret Whelan, founder and chief executive officer of Whelan Advisory, said areas with more open land and looser regulations are seeing more home sales.

On the campaign trail, Harris has called on local governments to relax restrictive zoning laws that limit the number of permits issued to initiate new construction. Her platform calls for subsidies to some

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