Shares of homebuilders and household durables stocks are trading lower following worse-than-expected April Housing Starts data.
Portfolio Pulse from Benzinga Newsdesk
Shares of homebuilders and household durables stocks are trading lower following worse-than-expected April Housing Starts data.
May 16, 2024 | 5:36 pm
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NEGATIVE IMPACT
BLD shares are trading lower due to disappointing April Housing Starts data.
As a homebuilder, BLD is directly impacted by housing market data. The worse-than-expected April Housing Starts data suggests lower demand for new homes, negatively affecting BLD's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DFH shares are trading lower due to disappointing April Housing Starts data.
As a homebuilder, DFH is directly impacted by housing market data. The worse-than-expected April Housing Starts data suggests lower demand for new homes, negatively affecting DFH's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DHI shares are trading lower due to disappointing April Housing Starts data.
As a homebuilder, DHI is directly impacted by housing market data. The worse-than-expected April Housing Starts data suggests lower demand for new homes, negatively affecting DHI's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
VOXX shares are trading lower due to disappointing April Housing Starts data.
As a company in the household durables sector, VOXX is indirectly impacted by housing market data. The worse-than-expected April Housing Starts data suggests lower demand for household durables, negatively affecting VOXX's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60