Barclays cuts PT on US homebuilders amid macro uncertainty
08/04/2026 14:00
** 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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