--- title: "U.S. stock market midday update: BOXABL down 11.11%, Musk's promotion can't hide regulatory and dilution risks" type: "News" locale: "en" url: "https://longbridge.com/en/news/293785284.md" description: "BOXABL fell 11.11%; Horton Homes rose 2.03%, with a transaction volume of USD 156 million; NVR rose 4.45%, with a transaction volume of USD 109 million; PulteGroup rose 2.37%, with a transaction volume of USD 105 million; Lennar Corporation-B rose 2.24%, with a market value of USD 20.3 billion" datetime: "2026-07-24T17:58:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293785284.md) - [en](https://longbridge.com/en/news/293785284.md) - [zh-HK](https://longbridge.com/zh-HK/news/293785284.md) generator: "portal-rs" --- # U.S. stock market midday update: BOXABL down 11.11%, Musk's promotion can't hide regulatory and dilution risks **U.S. Stock Market Midday Update** BOXABL fell 11.11%, with increased trading volume. Based on recent key news: 1. On July 24, BOXABL's stock price fluctuated after completing its SPAC merger, and the merged company began trading. Rising interest rates may affect the financing and sales prospects of its Casita homes. Source: Benzinga 2. On July 24, the company pointed out that its limited operating history, capital requirements, regulatory approvals for modular housing, and dilution risks from preferred stock conversions are closely monitored by investors. Source: Benzinga 3. On July 22, reports indicated that billionaire Elon Musk is living in a prefabricated home produced by the company, attracting market attention. Source: Benzinga The modular housing industry faces regulatory challenges. **Stocks with High Trading Volume in the Industry** D.R. Horton rose 2.03%. Based on recent key news: 1. On July 22, D.R. Horton reported third-quarter results that exceeded expectations but lowered its full-year revenue guidance, projecting revenue for fiscal year 2026 to be between $32.5 billion and $33 billion, down from the previous $33.5 billion to $34.5 billion. This guidance downgrade raised market concerns about future performance, despite strong short-term results. 2. On July 22, UBS analyst John Lovallo maintained a buy rating on D.R. Horton and set a target price of $206. The analyst's positive rating and target price increase provided support for the stock price. 3. On July 22, RBC Capital analyst Mike Dahl raised D.R. Horton's target price from $123 to $125, despite maintaining an underperform rating. The target price increase reflects a cautiously optimistic market outlook on the company's future performance. The housing market is affected by layoffs in the tech industry, leading to weakened demand. NVR rose 4.45%. Based on recent news: 1. On July 23, NVR released its second-quarter financial report for 2026, showing net income of $236 million, a 29% year-over-year decline. Despite the revenue drop, the market remains optimistic about its future growth potential, driving the stock price up. 2. On July 23, NVR reported a 9% year-over-year increase in its backlog of unsold homes, reaching 10,998 units, with backlog value increasing by 5% to $4.99 billion. This indicates a positive sales outlook for the company, boosting investor confidence. 3. On July 23, analysts maintained a "hold" rating on NVR, but the market remains confident in its long-term performance, pushing the stock price higher. The real estate industry faces cost pressures and weak consumer confidence. PulteGroup rose 2.37%. Based on recent news, 1. On July 22, PulteGroup announced its second-quarter financial report, with a net profit of $472 million and earnings per share of $2.48, exceeding analyst expectations. Although home sales revenue decreased by 11% year-on-year, new orders increased by 6%, driving the stock price up. 2. On July 22, PulteGroup's gross margin fell from 27% in the same period last year to 25%, but still exceeded market expectations. The company repurchased 3.1 million shares during the quarter, demonstrating confidence in future development. 3. On July 22, analysts rated PulteGroup as "Buy," predicting a target price of $145 over the next 12 months, indicating a 16.7% upside potential from the current stock price. The overall performance of the real estate industry remains stable, supported by macroeconomic data. **Stocks ranked among the top in industry market capitalization** Lennar Corporation-B rose by 2.24%. Based on recent key news: 1. On July 23, Lennar Corporation announced a mandatory 8-for-1 stock split, adjusting the basis of its BDR program and BDR ratio. This change will take effect at market open on August 24, expected to increase market liquidity and attract more investor attention. 2. On July 22, Lennar Corporation launched a new single-family residential community in Meridianville, Alabama, offering entry-level housing at mid-range prices. This initiative aims to attract more homebuyers through USDA financing options, promoting the company's expansion in the local market. 3. On July 22, Lennar Corporation's financial services division continued to provide mortgage financing and settlement services to homebuyers, supporting the company's diversified real estate development business in the U.S. This move helps consolidate its market position. 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