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Installed Building Products (IBP) shares fell 2.4% after peer homebuilder Lennar reported disappointing quarterly results and a soft outlook, sparking a sector-wide downturn.
Toll Brothers reported mixed Q4 earnings, missing profit expectations but beating on revenue. The company's stock fell after it issued a cautious forecast for 2026 home deliveries, signaling persistent weakness in the luxury housing market.
Hovnanian Enterprises reported a significant fourth-quarter loss, triggering a 22.5% plunge in its stock and a wider sell-off across the U.S. housing sector as concerns over rising costs and squeezed margins intensified.