Jan
24
Home-Builder Stocks Bounce Back as Mortgage Rates Slide
ByRenewed optimism has lifted home-builder shares this month, but investors remain cautious
Shares of home builders battered during 2018 have soared so far this year, an optimistic sign for the U.S. economy amid fresh worries over a stagnant housing market and slowing global growth.
Although housing data remain decidedly mixed, the National Association of Home Builders’ housing-market index showed home-builder confidence rebounded this month. It was helped by a gradual decline in mortgage rates, along with strong employment growth…