D.R. Horton (DHI) Laps the Stock Market: Here's Why
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Existing Home Sales Surge To Strongest Annual Increase In Over Three YearsEconomists Are Attributing the Rise in Homebuying to Steady Job Growth
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November Home Sales Post Biggest Annual Gain Since 2021 -- 2nd Update
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November Home Sales Post Biggest Annual Gain Since 2021 -- WSJ
USA existing home sales unexpectedly reached the largest year-on-year increase in three years, with home prices accelerating to new highs, and investors are adopting a wait-and-see attitude.
In November, existing home sales in the USA exceeded expectations, surpassing the annualized rate of 4 million units for the first time in six months, indicating that homebuyers are accepting mortgage loan rates above 6%. The Mortgage Bankers Association expects that mortgage loan rates will remain above 6% for at least the next two years. The median sales price for existing homes rose by 4.7% year-on-year in November, reaching $406,100, setting a record high for November.
November US Existing Home Sales Rise Faster Than Expected, Strongest Reading Since March
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Here's How Much You Would Have Made Owning D.R. Horton Stock In The Last 5 Years
The construction of single-family residences in the USA rebounded in November, but policy uncertainty may become a new obstacle.
A report released by the USA Department of Commerce on Wednesday shows that as the impact of the hurricane gradually weakens, there is a rebound in single-family Residence construction in the USA in November.
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Express News | Shares of Homebuilders, Construction and Household Durables Stocks Are Trading Lower Amid Overall Market Weakness Following the Fed's Rate Decision to Cut Rates by 25 Basis Points
Express News | FOMC Cuts Interest Rates by 25 Basis Points, Sees Fewer Reductions Next Year
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