From Seekingalpha · Bespoke Investment Group · · 40s
Homebuilders Hit by Rate Hikes
Homebuilder stocks drop as interest rates weigh on housing market.
In brief
Homebuilder stocks drop as interest rates weigh on housing market. Homebuilder stocks BLDR and DFH hit 74% and 78% drawdowns from all-time highs due to high interest rates. Originally reported by Seekingalpha.
Homebuilder Stocks Drop
The S&P Homebuilders ETF (XHB) hit new 52-week lows as homebuilder stocks BLDR and DFH fell 74% and 78% from all-time highs.
High Interest Rates Impact Housing
Housing starts and pending home sales data show the industry struggles with high interest rates.
SharkNinja Holds Up
SharkNinja is the only stock in the ETF that has held up amid the downturn.
Here's the gist
Homebuilder stocks BLDR and DFH hit 74% and 78% drawdowns from all-time highs due to high interest rates.
