★ Featured Topics​Real Estate & Construction

Homebuilders Losing Steam as Affordability Keeps Diving

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In late May, MRP closed its Long US Housing theme after a very strong 6-year run. The foremost reason for this closure was falling affordability due to excessive materials and labor costs, tightening inventory, and rising interest rates.
In the two months since then, these issues have begun to weigh on the housing sector. The S&P Homebuilding Select Industry touched 10 month-lows on Wednesday, following a spate of bad earnings for companies including Owens Corning, Whirlpool Corp., and Be...

 

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