Seeking Alpha

A number of downgrades hit homebuilding sector

  • Keep an eye on the homebuilding sector today amid a number of downgrades from two separate sell-side teams.
  • KB Home (KBH) suffers a two-notch downgrade to Underperform from Bank of America, which also cuts Meritage Homes (MTH) to Underperform.
  • Citi, meanwhile, removes Buy ratings at D.R. Horton (DHI), New Home Company (NWHM), and Taylor Morrison (TMHC).
  • Related ETFs: XHB, ITB
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Comments (5)
  • june1234
    , contributor
    Comments (3255) | Send Message
     
    D.R Horton reported a 30% cancelation rate last time on top of the 24% previous quarter. Hovnanian just reported a 43% decline in yr over yr net orders in California and insiders have been selling loads of home builder stocks. Think they know something?
    10 Mar 2014, 07:52 AM Reply Like
  • bbro
    , contributor
    Comments (10526) | Send Message
     
    As the Arizona housing market goes...
    10 Mar 2014, 07:55 AM Reply Like
  • 50 cent it is
    , contributor
    Comments (1461) | Send Message
     
    Whenever an analyst takes a stock off their buy list, it's a green flag,time to buy.
    They are notoriously bad market timers and the only time they are right is by accident
    10 Mar 2014, 09:41 AM Reply Like
  • jrj90620
    , contributor
    Comments (235) | Send Message
     
    I'm thinking this is a big deal.If housing and housing stocks should go into decline,it would mean,all the Fed's fiat creation and attempt to reinflate the housing balloon, was a failure and the Fed is useless,to bailout the economy.
    10 Mar 2014, 11:27 AM Reply Like
  • bbro
    , contributor
    Comments (10526) | Send Message
     
    This is not a recession sign...not by a long shot...
    10 Mar 2014, 12:48 PM Reply Like
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