2 Magnificent Dividend Stocks Down 27% and 47% to Buy and Hold Forever
While the rest of the economy keeps chugging along with a boost from artificial intelligence (AI) data centers, the housing sector has been in the doldrums. Activity is down due to elevated mortgage rates, falling home prices, and lower immigration, all headwinds for the sector. Two of the leading homebuilding stocks, Lennar (NYSE: LEN) and D.R. Horton (NYSE: DHI), have seen their share prices drop 49% and 29%, respectively, from all-time highs because of these macroeconomic headwinds.
Earnings are expected to remain we
While the rest of the economy keeps chugging along with a boost from artificial intelligence (AI) data centers, the housing sector has been in the doldrums. Activity is down due to elevated mortgage rates, falling home prices, and lower immigration, all headwinds for the sector. Two of the leading homebuilding stocks, Lennar (NYSE: LEN) and D.R. Horton (NYSE: DHI), have seen their share prices drop 49% and 29%, respectively, from all-time highs because of these macroeconomic headwinds.
Earnings are expected to remain we
1 month ago
