Home improvement retail giant Lowe's issued a disappointing sales outlook Wednesday morning. Meanwhile, home builder Lennar reported results Wednesday afternoon that missed forecasts. The company cited supply chain issues and higher lumber costs. Lennar shares fell 4% Thursday.
Horton are also trading near all-time high levels, as is home leasing real estate investment trust Invitation Homes . Lowe's recently hit a record high, too, and rival Home Depot , the top performing Dow stock this year, is close to one as well. The SPDR S&P Homebuilders ETF , which owns shares of most of the major builders as well as suppliers and retailers, is up nearly 50% this year.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »