Shares of homebuilders, construction companies and housing-related stocks are trading lower after May housing starts and building permits came in below expectations.
Portfolio Pulse from Benzinga Newsdesk
Shares of homebuilders, construction companies, and housing-related stocks are trading lower after May housing starts and building permits came in below expectations.
June 20, 2024 | 7:05 pm
News sentiment analysis
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NEGATIVE IMPACT
BLD shares are trading lower due to disappointing May housing starts and building permits data.
BLD is directly impacted by the housing market data, and lower-than-expected housing starts and permits suggest reduced demand for their services.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
FND shares are trading lower following weaker-than-expected May housing starts and building permits.
FND's performance is closely tied to the housing market, and disappointing data suggests lower demand for their products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
IBP shares decline as May housing starts and building permits miss expectations.
IBP is affected by the housing market data, and lower housing starts and permits indicate reduced demand for their services.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SKY shares are trading lower after May housing starts and building permits came in below expectations.
SKY's business is closely linked to the housing market, and disappointing data suggests lower demand for their products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TOL shares decline following weaker-than-expected May housing starts and building permits.
TOL is directly impacted by the housing market data, and lower-than-expected housing starts and permits suggest reduced demand for their homes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80