1. Homebuilders' Rally Fizzles as Higher Rates Are Here to Stay.
- Author
-
Hyland, John and Bradham, Bre
- Subjects
STOCK prices ,INTEREST rates ,STANDARD & Poor's 500 Index - Abstract
Keywords: KBH; LGIH; TOL; ALLTOP; BON; BUSINESS; CONS; CONSD; COS; CST; FIN; GLOBALMACR; GOV; INDUSTRIAL; INDUSTRIES; LUX; MARKETS; MKTTOP; NORTHAM; REL; RELTOP; STK; STKTOP; TOP; US; WORLD; WWTOP EN KBH LGIH TOL ALLTOP BON BUSINESS CONS CONSD COS CST FIN GLOBALMACR GOV INDUSTRIAL INDUSTRIES LUX MARKETS MKTTOP NORTHAM REL RELTOP STK STKTOP TOP US WORLD WWTOP Equity investors who piled into US homebuilders and fueled a 17% rally in their shares last month may be thinking twice after facing the reality that borrowing costs are likely to remain elevated for an extended period of time. KBH, LGIH, TOL, ALLTOP, BON, BUSINESS, CONS, CONSD, COS, CST, FIN, GLOBALMACR, GOV, INDUSTRIAL, INDUSTRIES, LUX, MARKETS, MKTTOP, NORTHAM, REL, RELTOP, STK, STKTOP, TOP, US, WORLD, WWTOP "Sentiment remains very low on homebuilder stocks due to rising mortgage rates and investor fears about a potential recession in 2023", Bank of America analyst Rafe Jadrosich wrote in a note last Thursday as he downgraded a trio of builders. [Extracted from the article]
- Published
- 2022