Homebuilders Rally, but Beware Fed Friction
Homebuilding stocks were up sharply Thursday, stoking hopes that the group might resume its climb that began after many had reached record lows last summer. Fresh evidence suggests ample reasons to be bullish.
Nevertheless, as with just about everything touched by Washington these days, there is a wall of related policy-risk worries still to climb that even now may not be fully built. There is a poorly-chronicled new threat to mortgage lenders from the Fed and other regulators relating to emerging new international capital standards that may force the bankers to continue wearing leg weights, even as layup opportunities multiply....839 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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