Soft housing number and higher rates a bad combo for builders

|By:, SA News Editor

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%)