Rally over? Homebuilder stocks’ big gains may have already priced in Fed rate cut ...Middle East

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Rally over? Homebuilder stocks’ big gains may have already priced in Fed rate cut
AP Business Writer LOS ANGELES (AP) — Homebuilder stocks are having a banner year, outpacing the broader market on a wave of optimism that mortgage rates will fall and juice home sales. The S&P Composite 1500 Homebuilding Index, which includes Lennar, D.R. Horton, KB Home and other stocks, is up about 29% so far this year while the benchmark S&P 500 has risen about 18%. The sector typically notches gains in the months surrounding the start of a Federal Reserve rate cutting cycle, as it did on Wednesday. But there are risks to the recent rally, analysts say. The post Rally over? Homebuilder stocks’ big gains may have already priced in Fed rate cut appeared first on News Channel 3-12.

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