The first five weeks of the Iran war have not been kind to U.S. home builders — or their stock performance at least.
Despite variations in where they do their building, how many new homes they build and sell annually and which income bracket best reflects their target buyer, stock prices for the five largest public home builder stocks have plunged since Feb. 27, the day before the U.S. and Israel started a regional Middle East conflict showing few signs of abatement.
The five largest publicly traded home builders are D.R. Horton Inc., with a market capitalization of around $40 billion; Lennar Corp. ($25 billion); PulteGroup Inc. ($23 billion); NVR Inc. ($19 billion); and Toll Brothers ($14 billion).
As of midday Tuesday, D.R. Horton’s stock...