Homebuilder Stocks Are Getting Demolished

lennar corp

Homebuilder stocks are taking a beating amid rising interest rates.

The yield on the 30-year is up to 3.64%.

Mortgage rates have also been rising.

The 30-year fixed rate eased to 4.29% for the week ending July 3. Though this was down from a two-year high of 4.46% the previous week.

Here’s a quick look at how homebuilder stocks are performing today.

  • Toll Brothers is down 3.9%
  • DR Horton is down 4.1%
  • Beazer Homes is down nearly 3.9%
  • PulteGroup is down 3.4%
  • Lennar Corp is down 4.7%
  • Standard Pacific Corp is down 4.2%

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