Homebuilder Stocks (DHI, LEN, KBH) – Groundbreaking Housing Act Boosts the US Construction Industry!

Both chambers of Congress pass the largest US Housing Construction Act since 1990 – homebuilder stocks like D.R. Horton and Lennar jump around 7%, KB Home up to 18%. The law boosts construction volume but leaves high mortgage rates unchanged. Trump delays the signing. A historic law drives the prices US homebuilder stocks soared on Wednesday (June 24) after both chambers of Congress bipartisanly passed the "21st Century ROAD to Housing Act " – the most significant federal law on housing supply since 1990. The legislation focuses on supply:...