The stock price of the house builder fell, influenced by policy uncertainty and a weak outlook on housing.

On February 25th, in the morning trading session of the US stock market, stocks of home builders experienced a significant decline. The S&P Composite 1500 Homebuilding Index fell by 5.2% at one point, marking the largest intraday drop since April 10th. Some of the stocks leading the decline in the index included Installed Building Products, Dream Finders Homes, PulteGroup, Horton Homes, Lennox International, and TopBuild. Investors attributed the pessimistic outlook on the housing market to companies like Lowe's and Home Depot, as well as to the fact that US President Trump did not announce any new housing policies during his State of the Union address. Drew Reading, an analyst at Bloomberg Industry Research, stated, "The market had previously been optimistic that the government would introduce new policies to support the market, but the speech only mentioned interest rate cuts and reiterated the proposal to ban institutional investors from buying single-family homes."