BUZZ-US homebuilders end year on mixed note as home sales remain tepid
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U.S. homebuilders are ending the year with mixed performance as home sales remain weak due to affordability issues, despite easing interest rates. Shares of major builders like D.R. Horton, Lennar, Pultegroup, and Toll Brothers fell slightly. The Pending Home Sales Index rose 3.3% in November, indicating the best performance in nearly three years, according to NAR. A Redfin report predicts a 3% increase in existing home sales in 2026, with mortgage rates expected to dip. Year-to-date, DHI, PHM, and TOL saw gains, while LEN experienced a significant loss.
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