5 Homebuilders to Watch on Interest Rate Cut Expectations
D.R. Horton(DHI) ZACKS·2024-07-15 21:12
The sagging homebuilder stocks thrived last week following the release of several key measures of inflation data that came in soft. Since the beginning of 2022, the homebuilding industry has been reeling under the impact of rising mortgage rates and escalating building costs.In early May, mortgage rates soared to the highest level of the year, and despite decreasing slightly since then, they remain near 7%. This surge in borrowing costs has coincided with a steady climb in home prices. These factors have se ...