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U.S. Homebuilding Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies33
  • 7D2.1%
  • 3M-7.3%
  • 1Y2.2%
  • YTDn/a

The Homebuilding industry is up 2.1% in the last week, with D.R. Horton up 4.1%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 3.1% per annum.

Industry Valuation and Performance

Has the U.S. Homebuilding Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$170.1bUS$165.9bUS$14.3b11.7x11.9x1x
Tue, 03 Mar 2026US$201.8bUS$167.3bUS$14.7b12.6x13.8x1.2x
Thu, 29 Jan 2026US$191.6bUS$168.5bUS$15.7b10.3x12.2x1.1x
Sat, 27 Dec 2025US$184.9bUS$169.3bUS$16.0b9.8x11.6x1.1x
Mon, 24 Nov 2025US$190.8bUS$170.3bUS$16.8b9.4x11.4x1.1x
Wed, 22 Oct 2025US$198.0bUS$171.6bUS$17.7b9.7x11.2x1.2x
Fri, 19 Sep 2025US$211.7bUS$172.4bUS$18.4b9.8x11.5x1.2x
Sun, 17 Aug 2025US$208.5bUS$172.2bUS$18.5b9.7x11.3x1.2x
Tue, 15 Jul 2025US$186.5bUS$173.4bUS$19.4b7.9x9.6x1.1x
Thu, 12 Jun 2025US$176.0bUS$175.5bUS$19.9b7x8.8x1x
Sat, 10 May 2025US$173.1bUS$175.5bUS$20.1b7x8.6x1x
Mon, 07 Apr 2025US$177.4bUS$177.0bUS$20.9b6.8x8.5x1x
Wed, 05 Mar 2025US$180.1bUS$176.6bUS$21.1b7x8.6x1x
Fri, 31 Jan 2025US$202.5bUS$175.4bUS$21.0b8.7x9.7x1.2x
Sun, 29 Dec 2024US$202.4bUS$173.9bUS$20.8b8x9.7x1.2x
Tue, 26 Nov 2024US$238.8bUS$174.5bUS$21.0b10.9x11.4x1.4x
Thu, 24 Oct 2024US$247.7bUS$173.5bUS$21.4b9.8x11.6x1.4x
Sat, 21 Sep 2024US$271.0bUS$172.2bUS$21.2b10.8x12.8x1.6x
Mon, 19 Aug 2024US$238.6bUS$171.4bUS$21.2b9.3x11.3x1.4x
Wed, 17 Jul 2024US$225.5bUS$168.7bUS$20.8b10.6x10.8x1.3x
Fri, 14 Jun 2024US$216.1bUS$168.1bUS$20.8b9.5x10.4x1.3x
Sun, 12 May 2024US$224.1bUS$167.7bUS$20.7b9.9x10.8x1.3x
Tue, 09 Apr 2024US$235.9bUS$170.0bUS$20.5b10.6x11.5x1.4x
Thu, 07 Mar 2024US$225.3bUS$169.6bUS$20.5b9.6x11x1.3x
Sat, 03 Feb 2024US$216.5bUS$170.0bUS$20.7b10x10.5x1.3x
Mon, 01 Jan 2024US$215.7bUS$171.1bUS$20.9b10.1x10.3x1.3x
Wed, 29 Nov 2023US$180.3bUS$171.0bUS$21.0b8.4x8.6x1.1x
Fri, 27 Oct 2023US$148.2bUS$170.1bUS$21.1b6.8x7x0.9x
Sun, 24 Sep 2023US$162.2bUS$171.3bUS$21.4b7.5x7.6x0.9x
Tue, 22 Aug 2023US$172.7bUS$171.7bUS$21.7b7.9x7.9x1x
Thu, 20 Jul 2023US$187.0bUS$171.7bUS$22.6b8.4x8.3x1.1x
Sat, 17 Jun 2023US$170.1bUS$171.7bUS$22.6b7.5x7.5x1x
Mon, 15 May 2023US$159.4bUS$172.4bUS$23.1b6.6x6.9x0.9x
Wed, 12 Apr 2023US$147.0bUS$172.3bUS$23.9b5.2x6.1x0.9x
Price to Earnings Ratio

6.1x


Total Market Cap: US$147.0bTotal Earnings: US$23.9bTotal Revenue: US$172.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Homebuilding Industry Price to Earnings3Y Average 10x202420252026
Current Industry PE
  • Investors are optimistic on the American Homebuilding industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.9x which is higher than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Homebuilding industry have declined 16% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Homebuilding compare with similar industries?

US Market3.46%
Consumer Discretionary2.68%
Consumer Durables2.42%
Homebuilding2.10%
Consumer Electronics3.41%
Household Appliances2.98%
Home Furnishings2.34%
Housewares and Specialties0.87%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DHI D.R. HortonUS$139.694.1%
+US$1.6b		9.2%PE12.1x
NVR NVRUS$6.66k3.3%
+US$590.0m		-10.1%PE13.8x
PHM PulteGroupUS$117.292.3%
+US$509.6m		15.9%PE10.1x
TOL Toll BrothersUS$135.833.6%
+US$446.3m		34.7%PE9.3x
BLD TopBuildUS$356.912.4%
+US$235.6m		17.8%PE19.3x

Latest News

TOL
US$135.83
Toll Brothers
7D
3.6%
1Y
34.7%
KBH
US$50.85
KB Home
7D
-0.1%
1Y
-11.6%
BLD
US$356.91
TopBuild
7D
2.4%
1Y
17.8%
PHM
US$117.29
PulteGroup
7D
2.3%
1Y
15.9%

PHM: Incentives And Affordability Pressures Will Shape Margins And Earnings Visibility

PulteGroup's updated analyst price target of $115.00, up from $112.40, reflects analysts' view that revenue growth, profit margins, and a lower assumed future P/E multiple now better capture the company's earnings potential highlighted in recent initiations and target hikes across the Street. Analyst Commentary Recent research on PulteGroup shows a mix of optimism on earnings power and caution around housing affordability, margin risk, and broader construction end markets.
GRBK
US$65.35
Green Brick Partners
7D
5.6%
1Y
13.0%
MTH
US$62.16
Meritage Homes
7D
3.6%
1Y
-10.1%

MTH: Spec Model And Dividend Yield Will Frame Future Margin Trade Off

Analysts have adjusted their average price targets on Meritage Homes toward the $90 range. This reflects mixed views that balance concerns about margin pressure with interest in the company's 100% spec strategy and current dividend yield.
LEN
US$86.49
Lennar
7D
-4.2%
1Y
-22.1%

LEN: Supply Efficiencies And Incentive Rollback Will Support Margins Despite Antitrust Overhang

Analysts have reduced Lennar's fair value estimate from $108.62 to $101.57. This reflects updated price targets that balance expectations for slightly higher revenue growth and a higher future P/E with softer profit margin assumptions, ongoing concerns around land banking costs, and a series of reduced Street targets across banks.
DHI
US$139.69
D.R. Horton
7D
4.1%
1Y
9.2%
IBP
US$268.71
Installed Building Products
7D
2.4%
1Y
55.1%

IBP: Future Returns Will Rely On Share Repurchases And Dividend Discipline

Analysts have nudged their price target for Installed Building Products by about $1.50, citing small adjustments to fair value, discount rate, profit margin assumptions, and a slightly higher future P/E. What's in the News The Board of Directors authorized a new share buyback plan on February 26, 2026, signaling an intention to repurchase stock over time (company announcement).
NVR
US$6,663.14
NVR
7D
3.3%
1Y
-10.1%
UHG
US$1.16
United Homes Group
7D
-0.9%
1Y
-57.5%
LRE
US$1.27
Lead Real Estate
7D
-2.3%
1Y
5.0%
SPHL
US$2.61
Springview Holdings
7D
-0.4%
1Y
-39.0%