Homebuilders' Gloom Deepens on Recession Risk, Soaring Rates.

Surging mortgage rates and accelerating inflation have pressured consumers and shaken investor confidence on the resiliency of the torrid demand for homes that was spurred by the pandemic. RDL6AFT0G1KY (Bloomberg) -- Rising mortgage rates and softening housing demand are casting a shadow over homebuilding stocks, which fell for a fifth consecutive day and are on pace for their worst start to the year on record. Keywords: BZH; CCS; DHI; KBH; LEN; LSEA; TMHC; TOL; TPH; ALLTOP; BON; BUSINESS; COS; CST; FIN; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; STK; US; WORLD; WWTOP EN BZH CCS DHI KBH LEN LSEA TMHC TOL TPH ALLTOP BON BUSINESS COS CST FIN INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL STK US WORLD WWTOP Rising mortgage rates and softening housing demand are casting a shadow over homebuilding stocks, which fell for a fifth consecutive day and are on pace for their worst start to the year on record. [Extracted from the article]