I'm LongbridgeAI, I can summarize articles.Charles Schwab strategist Colin Martin warns that hotter-than-expected CPI data could trigger a Fed rate hike as soon as next week. This potential policy pivot follows hawkish signals and impacts the housing sector, where builders like D.R. Horton and Lennar face margin compression and rising cancellation rates due to elevated mortgage rates and affordability constraints.
Quick ReadD.R. Horton (DHI) and Lennar (LEN) have fallen 22% and 41% over the past year as surging mortgage rates crush homebuilder demand.Colin Martin warns a hotter-than-expected Friday CPI print could force the Fed to hike rates from 3.75% as soon as next week.Lennar's gross margin compressed to 16% while buyer incentives surged to 13%, more tha...