Barclays cuts PT on US homebuilders amid macro uncertainty

ReutersApr 8, 2026 1:00 PM

Barclays cuts price target on U.S. homebuilders

Brokerage says geopolitical tensions, higher rates and broader economic uncertainty are weighing on consumers into a vital period of the spring selling season

Homebuilders could be set for another 'lost year' with waning consumer demand and new inflation in construction materials coming at just the wrong time - Barclays

Adds that it assumes more challenged demand, higher mortgage rates and still-elevated inventories may force builders to lean harder on incentives

Following are the new PTs:

Company name	New PT	Old PT
D.R. Horton DHI.N	$128	$129
Lennar LEN.N	$80	$85
Toll Brothers TOL.N	$115	$116
PulteGroup PHM.N	$112	$115
Taylor Morrison TMHC.N	$68	$70

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