DR Horton has had a bad reputation for building defective homes. In Texas where I live and own a DR home, I've had 4 leaks from defective pex pipes with no help to remedy. Little people get no breaks.
Nope they've been benefitting from high interest rates. Old homes aren't being sold so only new builds are. Once interest rates come down, those old homes will start to sell and homebuilders will be the losers.
Invitation homes doesn't make sense as a long. No one is buying instead of renting already because they can't afford to buy for a year or more. Therefore when mortgage rates go higher (which is the reason Invitation is going higher) it won't make more people rent
DR Horton has had a bad reputation for building defective homes. In Texas where I live and own a DR home, I've had 4 leaks from defective pex pipes with no help to remedy. Little people get no breaks.
Building 400k homes as starter homes is the issue
Nope they've been benefitting from high interest rates. Old homes aren't being sold so only new builds are. Once interest rates come down, those old homes will start to sell and homebuilders will be the losers.
This is what happens when you go for luxury over durability. More expensive at cost of less sturdy home just to make it look fancy.
Invitation homes doesn't make sense as a long. No one is buying instead of renting already because they can't afford to buy for a year or more. Therefore when mortgage rates go higher (which is the reason Invitation is going higher) it won't make more people rent
inflecting higher, but looking flat. awesome Josh.
any homebuilder play has to be short
Mortgage rates are going higher. If the Fed cuts they will go even higher
No
bagged