Housing Stocks Are in Depression Mode. Whirlpool Down 81%, Lennar Crashed 54% While the S&P 500 Soars.

Bear of the Day: Whirlpool (WHR)

WHR's latest quarterly results didn't brighten the market's outlook on the stock, with shares now down more than 50% over the last year.

Housing Stocks Are in Depression Mode. Whirlpool Down 81%, Lennar Crashed 54% While the S&P 500 Soars.

The post Housing Stocks Are in Depression Mode. Whirlpool Down 81%, Lennar Crashed 54% While the S&P 500 Soars. appeared first on 24/7 Wall St.. Quick Read Whirlpool (WHR) reported a 9.6% revenue decline with North America EBIT cratering 96% to $6 million and suspended its dividend to focus on $900 million in debt reduction. Lennar (LEN) saw Q1 revenue drop 13% year over year with gross margin on home sales collapsing to 15.2% from 18.7%, whil…