Homebuilders Offer Clues on the U.S. Housing Market

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

4.1 • 1.7K Ratings

🗓️ 24 February 2026

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, we’re featuring an episode of What’s News in Earnings where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy. Financial results from homebuilders PulteGroup, D.R. Horton and Toll Brothers give investors a peek at the forces shaping housing markets across the country ahead of the all-important spring selling season. Wall Street Journal national housing reporter Nicole Friedman discusses insights into affordability and regional differences. Veronica Dagher hosts this special bonus episode of What's News in Earnings. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:33.4	Hey, YMB listeners. I'm Anthony Bancy for The Wall Street Journal.
0:46.4	Today, we're sharing a special episode of What's News and Earnings. It's a show that occasionally pops up in our What's News feed. This episode looks at the U.S. housing market
0:52.1	before the 2026 spring selling season begins next month.
0:57.3	Take a listen, and if you like it, check out what's news wherever you listen to us.
1:10.2	Hey listeners, I'm Veronica Dagger for the Wall Street Journal.
1:13.8	And this is What's News in Earnings.
1:17.2	Our look at some of the biggest themes standing out this earnings season.
1:21.1	The U.S. housing market is entering the 2026 spring selling season in an uneasy equilibrium. Mortgage rates have settled into a new normal,
1:29.9	about 6%. But for many, the American dream feels further away than ever. The nation's biggest home builders
1:37.4	are telling different stories about the housing market. This week, Toll Brothers reported a jump in
1:43.2	profit fueled by luxury buyers. Meanwhile,
1:47.0	the entry-level builder, D.R. Horton, is shrinking home sizes and piling on incentives just
1:54.1	to keep first-time buyers in the game. And Pulte Group is highlighting the country's growing
2:00.0	geographic divide.
	...

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