Home Builder Stocks Decline Following Jobs Report -- Market Talk
Dow Jones
Jul 03, 2025
1039 ET - Home builder shares are weaker on concerns that the Federal Reserve may be reluctant to cut rates after stronger-than-expected job creation last month. The U.S. added 147,000 jobs in June, beating economist forecasts, while the jobless rate also dropped. On the CME's FedWatch tool, odds of a cut this month fall to 5% from 24% yesterday. Lennar and D.R. Horton are among the worst performers, down 3.5% and 2.5%, respectively. KB Home, PulteGroup and Toll Brothers are all also off between 2.4% and 1.5%. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
July 03, 2025 10:39 ET (14:39 GMT)
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