Shares of housing and homebuilding stocks are trading lower as the sector is pressured amid rising rates. Redfin CEO Glenn Kelman also made bearish comments on the space.
Portfolio Pulse from Benzinga Newsdesk
Housing and homebuilding stocks are trading lower due to rising rates. Redfin CEO Glenn Kelman made bearish comments on the sector, adding to the pressure.
August 17, 2023 | 6:54 pm
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NEGATIVE IMPACT
BZH stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact BZH's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CCS stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact CCS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DHI stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact DHI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HOV stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact HOV's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KBH stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact KBH's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LEN stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact LEN's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LGIH stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact LGIH's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
PHM stock is trading lower due to rising rates and bearish comments from Redfin CEO.
The bearish comments from Redfin CEO and rising rates are likely to negatively impact PHM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80