Soft housing number and higher rates a bad combo for builders

Hit particularly hard in early action are the homebuilders after May housing starts missed expectations, but a fast CPI print has interest rates higher.

Previously: Treasury prices slip after fast CPI report

ETFs: ITB -1.1%, XHB -0.7%

D.R. Horton (DHI -2.3%), KB Home (KBH -1.3%), Ryland (RYL -1.1%), Toll Brothers (TOL -1.2%), Lennar (LEN -0.7%), Hovnanian (HOV -0.7%)

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Comments (1)
  • Captain Pike
    , contributor
    Comments (890) | Send Message
    It's the new mortgage rules that went into effect a couple months back that cap total debt payments for loan qualification. This of course will hit new home sales the hardest. It will be ongoing.
    17 Jun 2014, 01:54 PM Reply Like
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