NVR -4.2% in homebuilders after earnings results adding to pressure in the sector. The sector was broadly lower following another spike in T
NVR -4.2% in homebuilders after earnings results adding to pressure in the sector. The sector was broadly lower following another spike in Treasury yields (boosting mortgage rates impacting purchases and refinances); NVR Q2 EPS fell -23% to $83.96 vs est. $89.98 per share and revs down -10% Y/y to $2.28B (est. $2.39B) while PHM yesterday reported Q2 EPS of $2.58 topped ests but was down from $3.03 Y/y and revs fell to $3.98B from $4.4B Y/y saying market conditions remain highly competitive; TOL DGI LEN MTH KBH shares down
NVR -4.2% in homebuilders after earnings results adding to pressure in the sector.
The sector was broadly lower following another spike in Treasury yields (boosting mortgage rates impacting purchases and refinances); NVR Q2 EPS fell -23% to $83.96 vs est. $89.98 per share and revs down -10% Y/y to $2.28B (est. $2.39B) while PHM yesterday reported Q2 EPS of $2.58 topped ests but was down from $3.03 Y/y and revs fell to $3.98B from $4.4B Y/y saying market conditions remain highly competitive; TOL DGI LEN MTH KBH shares down