Who is Nat Hardwick?

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution
W S
Investments / The Ticker

Homebuilding stocks react to higher-rate environment

The change came just as builders gained momentum

Construction photo
/ Print / Reprints /
| Share More
/ Text Size+

Homebuilders still have a lot going for them as inventory levels subside, creating a potential need for home construction in various markets.

But the rising rate environment is having an impact on homebuilder stocks, even if its not exactly a death knell for improvements in the sector.

Investorplace has more on how rising Treasury yields are impacting builders:

Since the homebuilders topped in May, the XHB is roughly 9% lower; Treasury yields have rallied roughly 35% during the same time period. To be sure, the higher-rate environment is not only weighing on the homebuilders, but across the spectrum of interest-rate-sensitive instruments. Eventually, this also will hit the broader stock market, although beyond the medium-term, rising rates and a strong dollar are positive signs for the economy.

Source: Investorplace
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus