Weak Jobs Report Is Good News for Homebuilders -- Market Talk
Dow Jones
Sep 05
0933 ET - A weak jobs report is giving investors near-certainty of a September rate cut from the Fed. That would be a boost to homebuilders, which have seen sales stagnate as high mortgage rates put off buyers. Many builders have been forced to offer aggressive sales incentives, often in the form of mortgage buydowns, to stimulate sales. Mortgage rates have already declined this year but 30-year rates are still well over 6%. A Fed rate cut could push those rates down further, helping to unlock a dormant housing market. Lennar shares rise 2.9%, D.R. Horton rises 2.8% and PulteGroup rises 2.7%. (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
September 05, 2025 09:33 ET (13:33 GMT)
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