Builders First Source, Other Homebuilder Stocks Rise With Catalysts Such As Mortgage Rates, The Fed, Kamala Harris Plan
Builders First Source, Other Homebuilder Stocks Rise With Catalysts Such As Mortgage Rates, The Fed, Kamala Harris Plan
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent, marking several consecutive weeks of declining rates.Homebuilder stocks are on the rise as the Federal Reserve is expected to cut rates later this week, mortgage rates are on the decline and Democratic presidential candidate, Vice President Kamala Harris, proposes a homeownership plan that involves building three million new homes.
随着美联储预计将在本周晚些时候降息，抵押利率下降以及民主党总统候选人、副总统卡马拉·哈里斯提出了一个涉及建造三百万新房的购房计划，房屋建筑商股票的价格上涨。
The Fed is expected to lower its key interest rate by either 25 or 50 basis points when it meets on Wednesday after holding back on doing so at its last meeting in July.
预计美联储在本周三会议上会将其关键利率降低25或50个基点，此前在7月份的会议上没有这样做。
Mortgage rates have fallen to their lowest in more than 18 months, according to the Mortgage Bankers Association (MBA).
根据美国抵押银行家协会（MBA）的数据，抵押利率已降至18个多月以来的最低水平。
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent, marking several consecutive weeks of declining rates.
30年期固定利率抵押贷款的平均合同利率（贷款余额为766,550美元或更低）从6.43%下降到6.29%，连续多周的利率下降。
If elected president in November, Harris plans to launch a $25,000 credit for first-time homebuyers on buying a new home and an initiative to build three million new homes in four years.
如果哈里斯在11月当选总统，她计划在购买新房时为首次购房者提供25000美元的信贷，并在四年内建造300万个新房。
Truist Securities has raised its rating on Builders First Source, Inc. (NYSE:BLDR) from Hold to Buy and its price target from $165 to $220.
Truist Securities将对Builders First Source, Inc. (NYSE:BLDR)的评级从Hold提升到Buy，并将目标股价从165美元提高到220美元。
Read Also: Toll Brothers To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday
阅读更多: 托尔兄弟股价将上涨约19%？以下是10位顶级分析师对本周四的预测。
Analyst Keith Hughes noted reduced mortgage rates and lower lumber prices in the short term and, in the long term, an upswing in multifamily housing construction and Builders' ability to offer value-added products and digital offerings due to its large size.
分析师Keith Hughes指出，短期内抵押利率降低和木材价格下降，长期来看，多家房屋建筑和建筑商能够提供增值产品和数字化产品，因为其规模较大。
Also, many homeowners who locked in rates as low as 3% and 4% over the past two years are holding onto their homes instead of selling, increasing demand for new homes.
此外，许多在过去两年内以3%和4%的低利率锁定了利率的房主们选择持有他们的房屋而不是出售，增加了对新房的需求。
"Given the continued limited inventory, we believe this will continue for several more years with new homes taking an even greater share of the market," he wrote in a note on Monday. "This is a notable catalyst for home builders and their suppliers such as BLDR."
他在周一的备忘录中写道：“考虑到持续的供应量有限，我们认为新房市场将继续增长几年，新房将在市场上占据更大的份额。这对于房屋建筑商及其供应商（如BLDR）是一个显著的推动因素。”
Price Action: Homebuilders have seen gains and losses into Monday's early trading but have risen significantly over the past week.
价格走势：房屋建筑商在周一早盘交易中有涨有跌，但在过去一周内上涨幅度显著。
- Builders First Source was up 3.61% to $189.88 on Monday morning, posting a 12% gain since Tuesday.
- Toll Brothers, Inc. (NYSE:TOL) slipped 0.51% to $149.04 on Monday morning but has gained 6.1% since Tuesday.
- M/I Homes, Inc. (NYSE:MHO) declined 0.1% to $166.32 on Monday but has risen 5.6% since Tuesday.
- Green Brick Partners, Inc. (NYSE:GRBK) was up 0.70% to $79.35 on Monday, and has gone up 7% since Tuesday.
- 建筑物首选商在周一早上上涨3.61%，至189.88美元，自周二以来涨幅达12%。
- 托尔兄弟公司（NYSE:TOL）在周一上午下跌0.51%，至149.04美元，但自周二以来上涨了6.1%。
- M/I Homes公司（NYSE:MHO）周一下跌0.1%，至166.32美元，但自周二以来上涨了5.6%。
- 绿砖合作伙伴公司（NYSE:GRBK）周一上涨0.70%，至79.35美元，自周二以来上涨了7%。
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Photo: Shutterstock
Photo: shutterstock
