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U.S. Homebuilding Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies33
  • 7D3.3%
  • 3M-12.0%
  • 1Y12.0%
  • YTDn/a

In the last week, the Homebuilding industry is up 3.8%, with TopBuild up 10%. In the same time, Hovnanian Enterprises was down 5.6%. In the last 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 3.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026US$176.6bUS$165.9bUS$14.4b12x12.3x1.1x
Mon, 09 Mar 2026US$184.8bUS$167.3bUS$14.7b11.3x12.6x1.1x
Wed, 04 Feb 2026US$190.3bUS$167.8bUS$14.9b11.5x12.7x1.1x
Fri, 02 Jan 2026US$181.4bUS$169.3bUS$16.0b9.5x11.3x1.1x
Sun, 30 Nov 2025US$200.5bUS$170.3bUS$16.8b9.8x11.9x1.2x
Tue, 28 Oct 2025US$199.0bUS$171.0bUS$17.4b9.7x11.4x1.2x
Thu, 25 Sep 2025US$204.7bUS$171.8bUS$17.8b9.6x11.5x1.2x
Sat, 23 Aug 2025US$203.4bUS$172.4bUS$18.4b10x11.1x1.2x
Mon, 21 Jul 2025US$177.8bUS$173.4bUS$19.4b7.4x9.2x1x
Wed, 18 Jun 2025US$170.4bUS$175.2bUS$19.4b6.7x8.8x1x
Fri, 16 May 2025US$172.3bUS$175.5bUS$20.0b7x8.6x1x
Sun, 13 Apr 2025US$166.9bUS$177.0bUS$20.9b6.4x8x0.9x
Tue, 11 Mar 2025US$189.0bUS$176.6bUS$21.1b7.4x9x1.1x
Thu, 06 Feb 2025US$198.9bUS$175.6bUS$21.0b8.4x9.5x1.1x
Sat, 04 Jan 2025US$198.7bUS$173.9bUS$20.8b8x9.5x1.1x
Mon, 02 Dec 2024US$248.3bUS$174.5bUS$21.0b10.7x11.8x1.4x
Wed, 30 Oct 2024US$248.3bUS$173.7bUS$21.2b9.7x11.7x1.4x
Fri, 27 Sep 2024US$258.6bUS$172.4bUS$21.2b10.6x12.2x1.5x
Sun, 25 Aug 2024US$258.9bUS$171.5bUS$21.2b10.6x12.2x1.5x
Tue, 23 Jul 2024US$242.6bUS$169.0bUS$20.9b10.8x11.6x1.4x
Thu, 20 Jun 2024US$209.6bUS$168.7bUS$20.8b9.2x10.1x1.2x
Sat, 18 May 2024US$225.6bUS$167.8bUS$20.7b9.7x10.9x1.3x
Mon, 15 Apr 2024US$226.5bUS$170.0bUS$20.5b10.2x11.1x1.3x
Wed, 13 Mar 2024US$228.4bUS$169.6bUS$20.5b10.1x11.1x1.3x
Fri, 09 Feb 2024US$214.2bUS$169.9bUS$20.6b9.5x10.4x1.3x
Sun, 07 Jan 2024US$209.5bUS$171.1bUS$20.9b10.3x10x1.2x
Tue, 05 Dec 2023US$186.7bUS$171.0bUS$21.0b8.8x8.9x1.1x
Thu, 02 Nov 2023US$151.8bUS$169.9bUS$21.0b7.3x7.2x0.9x
Sat, 30 Sep 2023US$163.1bUS$171.3bUS$21.4b7.2x7.6x1x
Mon, 28 Aug 2023US$169.3bUS$171.9bUS$21.9b7.9x7.7x1x
Wed, 26 Jul 2023US$185.5bUS$172.7bUS$22.3b8.5x8.3x1.1x
Fri, 23 Jun 2023US$173.4bUS$171.7bUS$22.6b7.9x7.7x1x
Sun, 21 May 2023US$160.7bUS$172.4bUS$23.1b6.7x7x0.9x
Tue, 18 Apr 2023US$148.4bUS$172.3bUS$23.9b5.3x6.2x0.9x
Price to Earnings Ratio

6.2x


Total Market Cap: US$148.4bTotal Earnings: US$23.9bTotal Revenue: US$172.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Homebuilding Industry Price to Earnings3Y Average 10.1x202420252026
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 12.2x which is higher than its 3-year average PE of 10.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
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 Market3.31%
Consumer Discretionary5.06%
Consumer Durables4.82%
Homebuilding3.28%
Housewares and Specialties15.58%
Household Appliances8.23%
Consumer Electronics7.63%
Home Furnishings6.50%
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
BLD TopBuildUS$394.3710.5%
+US$1.1b		36.6%PE21.3x
DHI D.R. HortonUS$142.642.1%
+US$854.6m		19.1%PE12.4x
PHM PulteGroupUS$120.332.6%
+US$582.4m		27.3%PE10.4x
LEN LennarUS$88.972.9%
+US$496.4m		-15.5%PE12.4x
IBP Installed Building ProductsUS$285.886.4%
+US$460.4m		69.7%PE28.9x

Latest News

TOL
US$140.12
Toll Brothers
7D
3.2%
1Y
49.7%
IBP
US$285.88
Installed Building Products
7D
6.4%
1Y
69.7%
LEN
US$88.97
Lennar
7D
2.9%
1Y
-15.5%
HOV
US$104.60
Hovnanian Enterprises
7D
-5.6%
1Y
16.3%
BLD
US$394.37
TopBuild
7D
10.5%
1Y
36.6%
DHI
US$142.64
D.R. Horton
7D
2.1%
1Y
19.1%

DHI: Constrained Housing Supply Will Support Margins Beyond Antitrust And 2026 Concerns

Narrative Update on D.R. Horton The analyst price target for D.R. Horton is now framed around a fair value of $193, with small model tweaks to the discount rate, revenue growth, profit margin, and future P/E. These adjustments reflect recent mixed research that includes downgrades, cautious demand and margin views for 2026, and several offsetting price target raises and cuts across the Street.
DFH
US$13.89
Dream Finders Homes
7D
-1.3%
1Y
-35.8%
PHM
US$120.33
PulteGroup
7D
2.6%
1Y
27.3%

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.
MTH
US$66.55
Meritage Homes
7D
7.1%
1Y
4.0%

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.
CVCO
US$517.30
Cavco Industries
7D
7.8%
1Y
10.1%

CVCO: Outperform Upgrade And Buybacks Will Support Future Upside Conviction

Analysts have kept their price target for Cavco Industries steady at $587.50, and a recent upgrade to Outperform supports the view that current assumptions around discount rate, revenue growth, profit margin, and future P/E remain appropriate. Analyst Commentary Bullish Takeaways Bullish analysts see the Outperform rating as aligned with the existing price target, suggesting they view current assumptions on discount rate, revenue growth, profit margins, and future P/E as reasonable for the risk profile.