• Homebuilders were under pressure this week after
  • Peers like
  • Traders are building larger short positions in many of these names, according to analysis by S3 Partners.

Homebuilder stocks were under pressure this week after Toll Brothers issued a warning about a slowdown in the housing market, and an analysis of short interest in the sector suggests there is more pain ahead.

PulteGroup

PulteGroup

Ticker: PHM

Short interest: $747 million

Short interest change in 2018: +$136.2 million

Year-to-date performance: -23%

Source: S3 Partners

Lennar

Lennar

Ticker: LEN

Short interest: $717 million

Short interest change in 2018: +$368.9 million

Year-to-date performance: -37%

Source: S3 Partners

DR Horton

D.R. Horton stock price in 2018.

Ticker: DHI

Short interest: $347 million

Short interest change in 2018: +$144.3 million

Year-to-date performance: -29%

Source: S3 Partners

Tri Pointe Homes

TRI Pointe Homes stock price in 2018.

Ticker: TPH

Short interest: $277 million

Short interest change in 2018: +$103.2 million

Year-to-date performance: -34%

Source: S3 Partners

Toll Brothers

Toll Brothers stock price in 2018.

Ticker: TOL

Short interest: $235 million

Short interest change in 2018: +$107.1 million

Year-to-date performance: -32%

Source: S3 Partners

LGI Homes

LGI Homes stock price in 2018.

Ticker: LGIH

Short interest: $190 million

Short interest change in 2018: +$127.4 million

Year-to-date performance: -46%

Source: S3 Partners

NVR

NVR stock price in 2018.

Ticker: NVR

Short interest: $143 million

Short interest change in 2018: +$85.9 million

Year-to-date performance: -28%

Source: S3 Partners

KB Home

KB Home stock price in 2018.

Ticker: KBH

Short interest: $94 million

Short interest change in 2018: +$82.3 million

Year-to-date performance: -38%

Source: S3 Partners

TopBuild

TopBuild stock price in 2018.

Ticker: BLD

Short interest: $83 million

Short interest change in 2018: +$33.3 million

Year-to-date performance: -37%

Source: S3 Partners

Installed Building Products

Installed Building Products stock price in 2018.

Ticker: IBP

Short interest: $77 million

Short interest change in 2018: +$8.2 million

Year-to-date performance: -54%

Source: S3 Partners