Reported 3 months ago
Homebuilder stocks have surged as investors anticipate a Federal Reserve rate cut in September. Oppenheimer's Tyler Batory highlights the importance of understanding interest and mortgage rates for homebuilders, noting significant tailwinds like weak existing home sales yet strong margins for builders. He suggests that while a rate cut may not drastically fix the currently stagnant housing market, stocks like Toll Brothers and PulteGroup are worth watching.
Source: YAHOO