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To understand where things stand for builders — and where they're headed for investors — Inman compiled financial results from the nation's five largest publicly traded homebuilders.
DHI earnings call for the period ending December 31, 2022.
DHI earnings call for the period ending September 30, 2022.
That's ValueAct Capital Partners' message to The New York Times Co (NYSE:NYT), with the San Francisco-based activist fund disclosing a $350-million stake in the media company Thursday.
The figures reflect a cooling market as the Federal Reserve raises interest rates to soften demand in the broader economy and tame decades-high inflation.