US homebuilders climb after report on ‘Trump Homes'

Lennar

03/02/2026 15:51

** Shares of U.S. homebuilders rise in morning trading

** U.S. homebuilders are working on a proposal to develop nearly a million "Trump Homes", Bloomberg News reports

** Among homebuilders, Lennar LEN.N rises 7% and D.R. Horton DHI.N up 6.5%

** Peer Pultegroup PHM.N, KB Home KBH.N, Taylor Morrison TMHC.N, Toll Brothers TOL.N and NVR Inc NVR.N also up between 4% and 6.6%

** PHLX Housing Index .HGX up 4.2%

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))