Shares of homebuilders are trading lower amid a rise in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Shares of homebuilders including DHI, LEN, MHO, PHM, and TOL are trading lower due to an increase in Treasury yields.
April 02, 2024 | 1:55 pm
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NEGATIVE IMPACT
DHI's stock is trading lower as a result of rising Treasury yields.
Rising Treasury yields typically increase borrowing costs, potentially slowing down home purchases and negatively impacting homebuilders like DHI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LEN's shares are down due to an uptick in Treasury yields.
Higher Treasury yields can lead to increased mortgage rates, which may deter home buying, adversely affecting companies like LEN.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MHO's stock price is negatively impacted by the increase in Treasury yields.
The rise in Treasury yields, which can lead to higher mortgage rates, is likely to negatively impact the affordability of homes, thus affecting MHO's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
PHM's shares are trading lower in response to rising Treasury yields.
An increase in Treasury yields can result in higher interest rates for home loans, potentially reducing demand for new homes and impacting PHM's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TOL's stock is down amid a rise in Treasury yields.
The increase in Treasury yields, leading to potentially higher mortgage rates, could slow down the housing market, negatively affecting TOL's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80