1139 ET - There are signs that housing affordability and purchasing power is improving, but the homebuilders with less exposure to entry-level homes still have an advantage, says Wedbush analyst Jay McCanless. Mortgage rates have fallen and according to First American Financial, affordability has risen for five months in a row while purchasing power is showing recent gains. Still, the market is still stronger for move-up and active-adult homes rather than entry-level homes, whose buyers have particularly been put off by affordability concerns. That helps builders with more than 50% exposure to move-up and active-adult, which include Toll Brothers, Tri Pointe, Taylor Morrison, PulteGroup and M/I Homes. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

October 02, 2025 11:39 ET (15:39 GMT)

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