News Formal

Homebuilder stocks rise after Fed projects three interest rate cuts this year

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The SPDR S&P Homebuilders ETF rose more than 2%, higher than the S&P 500’s less than 1% gain.

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.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 47. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Why the Fed is still watching the labor market: Frmr Kansas City Fed Pres.US Equities (^GSPC, ^DJI, ^IXIC) are trading higher on Thursday as the market reacts to the Federal Reserve's updated Summary of Economic Projections. The...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

HCRA Catches Besmirched Homebuilder In “Ploy” To Stay In BusinessZakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
ソース: storeyspub - 🏆 16. / 74 続きを読む »