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Rick Palacios Jr.: Software sector exposure affecting some D.R. Horton housing markets

Rick Palacios Jr.: Software sector exposure affecting some D.R. Horton housing markets
D.R. Horton faces software market impact

Concerns about the software sector are appearing in earnings commentary from D.R. Horton, according to Rick Palacios Jr. He highlights that certain housing markets with historically strong ties to the software industry are experiencing some softness.

Palacios Jr. cites C-suite comments from the homebuilder which suggest that these markets are particularly sensitive to shifts within the software sector.

Earlier this year, Rick Palacios Jr. reported that all San Francisco resale agents in his survey saw home prices rising, in contrast to just 27% of agents nationally. The findings pointed to regional strength in markets with significant software sector employment. Current comments from D.R. Horton suggest fresh signs of softness in these same areas.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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