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DHI / Homebuilder stocks crumble as mortgage rates surge and as home buyers retreat

Shares of homebuilders took a broad beating Thursday, as mortgage rates kept rising to a 23-year high, and prompting more home buyers to back off. The iShares Home Construction ETF ITB, -4.82% dropped 5.2% toward a four-month low in afternoon trading, the biggest one-day drop in 13 months, with all 46 equity components losing ground. Read More

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Content Topics

Homebuilder

Stocks

Crumble

Mortgage

Rates

Surge

Home

Buyers

Retreat

Stock

DHI

Posted: Oct 12 2023, 14:22

Author Name: Market Watch

DHI News

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Homebuilder stocks crumble as mortgage rates surge and as home buyers retreat

Shares of homebuilders took a broad beating Thursday, as mortgage rates kept rising to a 23-year high, and prompting more home buyers to back off. The

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