Reported about 13 hours ago
U.S. homebuilder stocks saw an increase on Friday despite a wider market selloff caused by new tariffs announced by the Trump administration. The rise in homebuilder stocks was attributed to falling Treasury yields and mortgage rates, which could boost demand in the housing market. Key companies like D.R. Horton and PulteGroup experienced significant gains, even as analysts warned of potential negative impacts from tariffs on the overall housing market.
Source: YAHOO