NYSE:DHIConsumer Durables
D.R. Horton (DHI) Is Down 6.4% After Middle East Tensions Push Yields And Mortgage Rates Higher – Has The Bull Case Changed?
In recent days, renewed Middle East tensions have driven US Treasury yields toward nine-month highs, raising concerns that higher 30-year mortgage rates and fuel costs could further pressure US homebuilders such as D.R. Horton.
This macro shift coincides with the National Association of Home Builders confidence index falling to its lowest level since September, underscoring how sensitive new-home demand and builder sentiment are to moves in long-term rates.
Next, we’ll examine how rising...