Sector Update: Homebuilders Lose Ground on Higher Treasury Yields

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Stocks in the homebuilding sector are all lower, reflecting a 14 basis point increase in the yield on the 10-year note after Treasuries turned south on better than expected non-farm payrolls. The yield on the 10-year note -- indexed to mortgage rates -- popped up to 2.77% today, a three week high.

Shares of LEN last traded down 4.5% at $32.67.

Ryland Homes ( RYL ) is one of the biggest losers in the sector, down more than 5% to $36.50.

KB Home ( KBH ) is off nearly 4% to $15.91, and Comstock Holding ( CHCI ) is off 5% to $2.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: CHCI , KBH , RYL

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