Homebuilder Stocks Jump After Soft Inflation Read, Fed Cut Expectations Rise
Homebuilder equities advanced Friday following cooler-than-expected inflation data, which lifted hopes for Federal Reserve interest-rate reductions and pushed the 10-year Treasury yield lower. The S&P 1500 Homebuilding Index rose roughly 2.1% as most constituents traded higher. Individual movers included Taylor Morrison, Meritage, Century Communiti…