Data provided by State Street Global Advisors SPDR shows that homebuilder stocks have gained above market performance over the last year, returning 82% compared to the S&P 500 Index’s 39% return since the end of 2022 to today.
Rates on the 30-year mortgages have been hovering around 7%, significantly higher than the 3% seen during the pandemic-era. “That economic resilience has helped homebuilders’ bottom line. The industry grew earnings by 14% versus the broader markets flattish growth of around 1%,” Bartolini said.With expectations that the Fed could reduce its policy rate, KB Home plans to lower its mortgage incentives for the year, something theSEATTLE — Tricia McLean, the chief financial officer for the Seattle Storm, has died following a medical emergency, the WNBA team said Thursday. She was 61. McLean died Monday, the team said.
-- The company planning to take Trump Media & Technology Group public sued to force its biggest investor, ARC Global Investments II, to vote in favor of the deal before a critical deadline this week.
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