Published on 29 Apr 2023 on Insider Monkey via Yahoo Finance

List of Homebuilder Stocks Sorted By Hedge Fund Sentiment

In this article, we will take a look at the list of homebuilder stocks sorted by hedge fund sentiment. To see more such companies, go directly to 5 Best Homebuilder Stocks Sorted By Hedge Fund Sentiment.

Increasing mortgage rates and the global macro uncertainty are hammering the US housing market. Fitch recently said in a report that the mortgage rate volatility is expected to worsen the slowdown in the US housing market in 2023. The firm revised its projections for the US housing industry to reflect this downturn. Fitch now expects US housing starts to drop 20% this year, compared to its previous forecast of an 11.9% decline.

While housing starts jumped 9.8% in February this year, a surprise, Fitch expects the mortgage rate increases recorded after February will affect the industry during the rest of the year.