Homebuilders could face negative rating actions in the coming months, Fitch Ratings says, as...

|By:, SA News Editor

Homebuilders could face negative rating actions in the coming months, Fitch Ratings says, as "home prices likely [will] remain soft over at least the next few quarters." The pressures have already prompted recent Fitch downgrades of Beazer (BZH -2.2%), KB Home (KBH -4.8%) and Pulte (PHM -6.8%). Also: TOL -3.3%, DHI -4.5%, LEN -3.7%.