Reported about 14 hours ago
Homebuilder stocks are facing new challenges as President Trump and FHFA Director Bill Pulte criticize the industry for lagging growth and unsold inventory. Following social media statements blaming builders for the housing affordability crisis, the S&P homebuilder index has seen a significant drop, losing nearly $14 billion in market value over three days. Both economic pressures and increasing tariffs on materials further complicate the market, raising concerns for builders already struggling with inventory issues and declining margins.
Source: YAHOO