Mortgage technology will be ready to address TRID

Mortgage technology will be ready to address TRID

Won’t magically make challenges and cost of compliance disappear

Mortgage industry embraces new CFPB mortgage toolkit

Know Before You Owe gets qualified stamp of approval

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs
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