US homebuilder stocks soar as incentives offset weak demand

US homebuilder stocks soar as incentives offset weak demand

D.R. Horton and PulteGroup shares surged 17% and 11.5% after Q2 results beat expectations despite revenue declines. Incentives and rebates helped drive sales in a tough housing market. Both CEOs flagged weak demand but expect higher incentives ahead. Margins are under pressure, yet Stocktwits sentiment is 'extremely bullish' on both DHI and PHM amid hopes of continued strength.

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