D.R. Horton, the largest homebuilder in the U.S. and ranked No. 120 on the Fortune 500, reported a 15% year-over-year decline in net sales orders for 2025, reflecting ongoing challenges in the housing market, particularly affordability issues. CEO Paul Romanowski highlighted softness in key markets such as Texas and Florida, where active inventory has increased, leading the company to ramp up concessions. Despite the weak earnings report, D.R. Horton's shares rose post-earnings. In contrast, Lennar Corporation, another major homebuilder, saw a 1% increase in net new orders year-over-year but experienced a 3.1 percentage point compression in gross margins. PulteGroup Inc. reported better-than-expected first-quarter 2025 results, with earnings per share of $2.57 beating estimates of $2.45 and revenues of $3.89 billion surpassing forecasts of $3.82 billion. PulteGroup's stock rose by up to 7% following the report, supported by a $300 million share repurchase in the quarter and a trailing twelve months buyback totaling $1.26 billion. However, other homebuilders like NVR Inc. reported less favorable results, with NVR's shares declining 3%. The broader housing market continues to face headwinds, as evidenced by declining sales reported by companies such as One United. The divergent performance among major homebuilders underscores the varied regional market dynamics and the ongoing impact of affordability constraints on housing demand.