Florida Is A Top State For New Home Builds — Could Hurricane Milton Slow It Down? 4 Homebuilder Stocks That Could Come Under Pressure
Portfolio Pulse from Chris Katje
Hurricane Milton's impact on Florida could delay new home construction, affecting major homebuilders like Taylor Morrison, PulteGroup, Lennar, and D.R. Horton. This may lead to increased costs and conservative outlooks in upcoming earnings reports. The iShares U.S. Home Construction ETF, which holds these stocks, could also be impacted.
October 10, 2024 | 6:00 pm
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NEGATIVE IMPACT
D.R. Horton Inc could face delays and increased costs in Florida due to Hurricane Milton, potentially impacting their earnings report on Oct. 29.
D.R. Horton's significant operations in Florida mean Hurricane Milton could delay new home builds and increase costs, affecting their financial results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares U.S. Home Construction ETF, with significant holdings in D.R. Horton, Lennar, and Pulte, could be impacted by Hurricane Milton's effect on Florida homebuilders.
The ETF holds significant positions in homebuilders with high exposure to Florida, which could be negatively impacted by Hurricane Milton, affecting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Lennar Corp, with high exposure in Florida, may face delays and increased costs due to Hurricane Milton, affecting future financial performance.
Lennar's operations in Florida are likely to be affected by Hurricane Milton, leading to potential delays and increased costs, impacting their financial outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
PulteGroup may experience delays and increased costs in Florida due to Hurricane Milton, potentially impacting their earnings report on Oct. 22.
PulteGroup's significant exposure in Florida means Hurricane Milton could delay new home builds and increase costs, impacting their financial results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Taylor Morrison Home Corp could face delays and increased costs due to Hurricane Milton's impact on Florida, potentially affecting their upcoming earnings report.
Taylor Morrison has significant operations in Florida, which is heavily impacted by Hurricane Milton. This could lead to delays in new home builds and increased costs, affecting their financial performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80