MHO and TMHC both reported strong beats and also an amazing 70% increase in orders last quarter (yoy). Strong order growth continuing into October too. It takes 6 months or so to build those houses so great numbers should continue going forward. Great times for the homebuilders and as R59 noted, most are higher today despite that steep 800 pt drop in the market today.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.