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US builder stocks fell, as 10-year US Treasury yields briefly broke through 2007 highs, fueling market concerns that borrowing costs are already high. The S&P 1500 construction index fell 2.6% at most, and all traded constituent stocks fell across the board. Leading losing stocks: Dream Finders Home down 4.1%, Century Communities 4.0%, M/I Homes 2.9%, D.R. Horton down 3%, LGI Homes 2.5%, KB Home 2.5%, PulteGroup 2.7%, NVR 3%, Lennar 3.0%, and Installed Building Products 2.7%. State Street SPDR S&P Builders ETF fell by up to 2%.
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US builder stocks fell, as 10-year US Treasury yields briefly broke through 2007 highs, fueling market concerns that borrowing costs are already high. The S&P 1500 construction index fell 2.6% at most, and all traded constituent stocks fell across the board. Leading losing stocks: Dream Finders Home down 4.1%, Century Communities 4.0%, M/I Homes 2.9%, D.R. Horton down 3%, LGI Homes 2.5%, KB Home 2.5%, PulteGroup 2.7%, NVR 3%, Lennar 3.0%, and Installed Building Products 2.7%. State Street SPDR S&P Builders ETF fell by up to 2%.
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