U.S. homebuilder stocks gain as home prices climb further in January

Applied Energetics

29/03/2022 15:35

** Shares of U.S. homebuilders D R Horton Inc  DHI.N ,
PulteGroup Inc  PHM.N , Lennar Corp  LEN.N , Toll Brothers Inc
 TOL.N  up between 1.7% and 2.3% in early trade                 
                                                                
                                                                
                                                              
    ** S&P CoreLogic Case-Shiller Indices, a measure of U.S.
home prices, indicate that home prices continue to increase
across the U.S.-  S&P Dow Jones Indices
    ** Case-Shiller report says national home price index showed
19.2% annual gain in January, up from 18.9% in the previous
month
    ** "Declining COVID cases and a resumption of general
economic activity has stoked inflation, and the Federal Reserve
has begun to increase interest rates in response. We may soon
begin to see the impact of increasing mortgage rates on home
prices" - Craig J. Lazzara, managing director, S&P Dow Jones
Indices said
   ** Up to last day's close, shares of DHI, PHM, LEN, TOL had
gained between 1.3% and 13.5% YTD

 (Reporting by Kannaki Deka in Bengaluru)
 ((Kannaki.Deka@thomsonreuters.com))