Homebuilders' Earnings Boosted by Falling Mortgage Rates

April 22, 2019
Prashant Gopal & Sydney Maki - Bloomberg

Falling mortgage rates are giving a lift to U.S. homebuilders just in time for the key spring selling season.

Lennar Corp. on Wednesday reported a jump in home orders that beat the company’s own projections. While KB Home had a slight drop in orders, they were also better than expected. Both companies expressed optimism that demand would strengthen in the coming months.



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