TOL - Homebuilder stocks slide after Zelman downgrades four stocks on softer demand
photovs/iStock via Getty Images Homebuilder stocks drop after Zelman Associates' homebuilder survey shows a fourth straight month of weaker-than-seasonal order activity in May. As a result, Zelman analyst Alan Ratner downgrades Beazer Homes USA ([[BZH]] -2.6%), Century Communities ([[CCS]] -9.0%), and Dream Finders Homes ([[DFH]] -8.9%) to Sell and NVR ([[NVR]] -1.7%) to Hold. M/I Homes ([[MHO]] -4.3%) remains Ratner's sole Buy-rated homebuilder stock. "Respondents increasingly cited softening demand on the martin as a factor for this month's weaker order results," the note said. Some homebuilders in the survey also noted "sticker shock and affordability concerns as a headwind to homebuyer confidence." iShares U.S. Home Construction (ITB) drops 2.1%; other names falling are D.R. Horton ([[DHI]] -2.8%), KB Home ([[KBH]] -3.3%), PulteGroup ([[PHM]] -2.5%), Toll Brothers ([[TOL]] -3.6%), and Lennar ([[LEN]] -2.2%). Over the past year, CCS stock still climbed 113%, BZH increased 98% and MHO rose 72% as seen in
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Homebuilder stocks slide after Zelman downgrades four stocks on softer demand