Jan. 14 at 1:34 PM
U.S. home builder stocks pulled back after Bill Pulte, Director of the Federal Housing Finance Agency under the Trump administration, intensified criticism of share buybacks and elevated home prices. Pulte argued that major builders have deliberately kept prices high while generating record profits and repurchasing shares at historic levels, prompting the agency to begin studying how much capital is being directed toward buybacks instead of expanding housing supply.
D.R. Horton, Lennar, and PulteGroup fell ahead of the open following the comments. The pushback aligns with broader rhetoric from President Donald Trump, who has recently criticized corporate buybacks and large shareholder payouts as coming at the expense of long-term investment.
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