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Home builder stocks falls as Home Depot's disappointing results offset some upbeat ho
Home builder stocks falls as Home Depot's disappointing results offset some upbeat housing data
The home builder sector took a hit Tuesday, as a disappointing earnings report from Home Depot Inc. overshadowed some upbeat housing market data for October. The iShares U.S. Home Construction ETF fell 0.3%, with 21 of 38 components losing ground, and the SPDR S&P Homebuilders ETF shed 0.7% with 23 of 28 components falling. The 5.2% selloff in Home Depot's stock paced the losers of both ETFs. Among other top decliners, shares of Williams-Sonoma Inc. lost 2.8%, Lumber Liquidators Holdings Inc. gave up 2.8% and Leggett & Platt Inc. dropped 2.2%. Separately, housing starts in October rose a little less than expected but building permits rose well above expectations.
https://finance.yahoo.com/m/2465131...3/home-builder-stocks-falls-as.html?.tsrc=rss
Home builder stocks falls as Home Depot's disappointing results offset some upbeat housing data
The home builder sector took a hit Tuesday, as a disappointing earnings report from Home Depot Inc. overshadowed some upbeat housing market data for October. The iShares U.S. Home Construction ETF fell 0.3%, with 21 of 38 components losing ground, and the SPDR S&P Homebuilders ETF shed 0.7% with 23 of 28 components falling. The 5.2% selloff in Home Depot's stock paced the losers of both ETFs. Among other top decliners, shares of Williams-Sonoma Inc. lost 2.8%, Lumber Liquidators Holdings Inc. gave up 2.8% and Leggett & Platt Inc. dropped 2.2%. Separately, housing starts in October rose a little less than expected but building permits rose well above expectations.
https://finance.yahoo.com/m/2465131...3/home-builder-stocks-falls-as.html?.tsrc=rss