Homebuilder stocks drop: CPI inflation data

Homebuilder stocks drop after Friday's CPI inflation data

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick reports on stocks in the construction and real estate sector.

Our baseline assumption is homebuilder stocks will drop further, says KeyBanc's Zener

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Ken Zener, KeyBanc research analyst, joins 'Power Lunch' to discuss the affect of tightening cycles on the housing market, how much further homebuilder stocks could fall and more.

News & media website News & media website | 1 year ago

Bonds Tank After EU Inflation Data For those who caught this morning's commentary on European inflation data and the subsequent bond sell-off, that ended up being the only defining feature of today's trading. For those who didn't, European inflation data was the day's defining feature and it caused a big sell-off in the bond market! Today's video discusses it in greater detail as well as the reason that hotter inflation data hurts even though cooler inflation data doesn't seem to help much. ...

30-year mortgage hits 14-year high after higher-than-expected CPI data

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick reports on mortgage rates following Tuesday's hot CPI data.

MBS Live Morning: Good Start For Bonds After Cooler CPI

News & media website News & media website | 2 years ago

CPI (the Consumer Price Index) is arguably the most important data point for interest rates in a world where inflation is at the highest levels since the 80s and the Fed is not currently worried about the labor market (otherwise, NFP would still command more respect). Markets were concerned that this morning's release could be even hotter than forecasts suggested (granted, most of the year-over-year increase at the core level was expected due to "base effects"). As it happened, monthly CPI...

News & media website News & media website | 1 year ago

Fully Free to Focus on CPI After Tuesday's Uneventful Data and Events Bonds shrugged off this morning's PPI data, not that it's typically much of a market mover anyway. In this case, while the headline monthly reading of 0.4 vs 0.2 f'cast and -0.2 previously could have raised some concern, the core level hit expectations of 0.3. That left the 10yr Treasury auction and Fed Minutes as the other two calendar items of note. The auction proved to be a temporary, easily-cleared hurdle and the Fe...

News & media website News & media website | 1 year ago

Bonds Retreat After Auction. Here Comes CPI Bonds began the day in a surprisingly strong stance and it didn't take too long to realize it was a bit too strong. The first hint came in the overnight session when 10yr yields refused to keep chasing an EU bond rally below 2.90. The morning commentary consequently pondered the possibility of 2.90 ending up as a resistance level for the day, and that's exactly what happened (multiple bounces in the late AM hours). After that, yields rose only ...

Rising mortgage rates causing homebuilder stocks to lose steam

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick joins 'Closing Bell' to report on homebuilder stocks.

Beleaguered homebuilder stocks hit by wave of analyst downgrades

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Analysts from Wells Fargo & Co. to Bank of America Corp. are cutting their ratings and share-price targets on homebuilders as surging mortgage rates and accelerating inflation erode the pandemic-era demand. The S&P Supercomposite Homebuilders Index slumped 16% this week, on pace for its biggest drop since April 2020, as investor concerns deepened on the potential of a U.S. recession amid surging mortgage rates and slumping housing starts. At least three analysts have reduced their ratings on ...