Homebuilders
The US single-family homebuilding sector is a highly cyclical, competitive, and fragmented industry. The top 10 largest builders account for roughly a quarter of the total new home sales, but this concentration has intensified since the recession in a trend we've described as "Go Big or Go Home."
New home construction has been slow to recover since plunging during the recession, and by nearly every metric, the US has been significantly under-building homes - particularly single-family homes - over the last decade.
| Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
|---|---|---|---|---|---|---|---|---|---|
| DHI | D. R. Horton |  | Homebuilder | 44.52 | 0.90% | Quarter | 9.7 | 14% | 2.2% |
| LEN | Lennar |  | Homebuilder | 38.12 | 1.11% | Quarter | 7.8 | 23% | 2.2% |
| NVR | NVR |  | Homebuilder | 20.23 | 0.00% | Irreg | 12.9 | 8% | 2.3% |
| PHM | PulteGroup |  | Homebuilder | 19.93 | 0.87% | Quarter | 8.4 | 23% | 2.9% |
| TOL | Toll Brothers |  | Homebuilder | 9.55 | 0.94% | Quarter | 7.2 | 31% | 5.1% |
| MTH | Meritage Homes |  | Homebuilder | 5.49 | 0.72% | Quarter | 5.6 | 32% | 2.4% |
| TMHC | Taylor Morrison |  | Homebuilder | 5.02 | 0.00% | -- | 5.0 | 47% | 2.9% |
| KBH | KB Home |  | Homebuilder | 4.40 | 1.44% | Quarter | 6.1 | 44% | 9.5% |
| MDC | MDC Holdings |  | Homebuilder | 3.54 | 4.64% | Quarter | 6.2 | 68% | 4.5% |
| TPH | TRI Pointe |  | Homebuilder | 2.97 | 0.00% | -- | 5.5 | 59% | 3.2% |
| LGIH | LGI Homes |  | Homebuilder | 2.84 | 0.00% | -- | 8.8 | 35% | 12.1% |
| MHO | M/I Home |  | Homebuilder | 3.09 | 0.00% | Irreg | 6.2 | 52% | 4.4% |
| CCS | Century Communities |  | Homebuilder | 2.42 | 1.21% | Quarter | 4.7 | 46% | 4.7% |
| GRBK | Green Brick |  | Homebuilder | 2.25 | 0.00% | None | 8.2 | 26% | 6.3% |
| BZH | Beazer Homes | | Homebuilder | 0.89 | 0.00% | Irreg | 5.5 | 70% | 5.0% |
| HOV | Hovnanian Enterprises |  | Homebuilder | 0.76 | 0.00% | None | -- | 90% | 5.0% |
