Homebuilders ETF

Toll Brothers Inc (NYSE:TOL) shares jumped 5% on Wednesday after the company reported better-than-expected results, and offered a brighter outlook for homebuilders than recent data have suggested. Shareholders would also have been pleased to learn the company plans to announce cash returns through...

Rising mortgage rates in 2023 drove the number of U.S. home loan applications to 28-year lows — but not all potential buyers were put off by rising costs, as cash sales became increasingly popular. The average 30-year mortgage rate rose to 6.69% in the week to Jan. 25, according to data from...

Mortgage rates are in “rapid descent” according to mortgage securities broker Freddie Mac, which means homes should become more affordable for Americans who may have been priced out of the housing market when rates hit their peak. The average rate of interest on a 30-year mortgage stood...

As the slowdown in home sales continues through 2023, homebuilders could be facing a tough few months in early 2024 as interest rates remain at multi-year highs and the labor market growth begins to stall. While sales are falling — largely due to affordability issues given higher interest rates —...