[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.5K followers Created: 2025-07-22 19:52:00 UTC $ITB On the back of a +16% gain in the largest homebuilder D.R. Horton Inc. $DHI as well as a +12% gain in PulteGroup Inc. $PHM after earnings, the iShares U.S. Home Construction ETF $ITB is up nearly +8%, it's best day since Nov '22, to a 5-mth high. "[M]any of the biggest builders in the country continue to surprise Wall Street to the upside with how well they are running their businesses in this environment,” John Burns, CEO of John Burns Research and Consulting, told MarketWatch. In other words, the results “weren’t as bad as investors were expecting, namely gross margins and the expectations around gross margins for the two builders that reported today,” Rick Palacios Jr., director of research at John Burns, added. That said, “[t]he number of unsold new homes is on the rise and is as high as it’s been, save for the lead-up to the financial crisis. It’s hard to see home building holding up,” Mark Zandi, chief economist at Moody’s Analytics said. In its third-quarter earnings report, D.R. Horton said it expects sales incentives to “remain elevated and increase further during the fourth quarter,” but added that “the extent to which will depend on the strength of demand during the remainder of summer, changes in mortgage interest rates and other market conditions.”  XXXXX engagements  **Related Topics** [phm](/topic/phm) [wall street](/topic/wall-street) [fund manager](/topic/fund-manager) [$phm](/topic/$phm) [$dhi](/topic/$dhi) [$itb](/topic/$itb) [d r horton inc](/topic/d-r-horton-inc) [stocks consumer cyclical](/topic/stocks-consumer-cyclical) [Post Link](https://x.com/neilksethi/status/1947746469819388403)
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Neil Sethi @neilksethi on x 12.5K followers
Created: 2025-07-22 19:52:00 UTC
$ITB On the back of a +16% gain in the largest homebuilder D.R. Horton Inc. $DHI as well as a +12% gain in PulteGroup Inc. $PHM after earnings, the iShares U.S. Home Construction ETF $ITB is up nearly +8%, it's best day since Nov '22, to a 5-mth high.
"[M]any of the biggest builders in the country continue to surprise Wall Street to the upside with how well they are running their businesses in this environment,” John Burns, CEO of John Burns Research and Consulting, told MarketWatch.
In other words, the results “weren’t as bad as investors were expecting, namely gross margins and the expectations around gross margins for the two builders that reported today,” Rick Palacios Jr., director of research at John Burns, added.
That said, “[t]he number of unsold new homes is on the rise and is as high as it’s been, save for the lead-up to the financial crisis. It’s hard to see home building holding up,” Mark Zandi, chief economist at Moody’s Analytics said.
In its third-quarter earnings report, D.R. Horton said it expects sales incentives to “remain elevated and increase further during the fourth quarter,” but added that “the extent to which will depend on the strength of demand during the remainder of summer, changes in mortgage interest rates and other market conditions.”
XXXXX engagements
Related Topics phm wall street fund manager $phm $dhi $itb d r horton inc stocks consumer cyclical