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-0.00136079107321061 -0.000771114941486056 -0.000544316429284245 -0.00181438809761411 -0.000997913453687739 -0.00127007166832986 -0.00508028667331944 -0.00429828540324773
Stock impact report

Builder Sentiment Dips in June Amid High Mortgage Rates [Yahoo! Finance]

PulteGroup, Inc. (PHM) 
Last pultegroup, inc. earnings: 4/23 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
rates but also facing increased costs for construction and development loans. They are struggling with persistent labor shortages and a scarcity of buildable lots. These factors combined are dampening builder confidence, making it a challenging environment for the home building industry. Key Takeaways Builder confidence in newly built single-family homes declined by two points in June from May to reach a level of 43, as reported by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This marks the lowest level of builder confidence since December 2023, reflecting ongoing challenges in the housing market. In June, all three HMI component indices reported declines, marking the first time since December 2023 that all indices fell below the key threshold of 50. The HMI index tracking current sales conditions dropped three points to 48, while the component measuring sales expectations for the next six months dropped four points to 47. The gauge me Show less Read more
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