Home-Builder Stocks Jump as Mortgage Rates Slide
By Jessica Menton Updated Sept. 17, 2019 4:24 pm ET
Shares of home-building companies are on pace for their best year since 2012, buoyed by a drop in mortgage rates and firming housing data.
The SPDR S&P Homebuilders exchange-traded fund, which also includes building-products and home-furnishing companies, has rallied 33% this year, outpacing the broader S&P 500’s 20% rise. Shares of home builders have soared, with D.R. Horton Inc., Beazer Homes USA and NVR Inc. up at least 43% each. LGI Homes Inc. has surged 80% and KB Home has advanced 64%.. click here to read more.