Real Estate

US Homebuilders Set for Another ‘Lost’ Earnings Season

Construction workers frame a new home in Buda, Texas.Photographer: Matthew Busch/Bloomberg

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By Rachel Phua and Ignacio Gonzalez

April 20, 2026 at 1:00 PM UTC

For US homebuilders, the Iran war dashed what little optimism they had left for this earnings season.

Developers including D.R. Horton Inc., Lennar Corp. and KB Home all missed expectations last quarter and estimates suggest both sales and earnings have fallen further as conflict in the Middle East unsettled buyers and raised costs.