US homebuilders hit 18-month low as hot CPI lifts rate-hike bets 

By Reuters News

** Shares of US homebuilders fall as hotter CPI fuels US rate-hike bets, raising concerns over mortgage rates and housing affordability

** PHLX Housing Sector Index .HGX drops 2.1%, hitting its lowest since April 2025

** The biggest US homebuilder by market cap and number of homes closed D.R. Horton DHI.N falls 2.9%

** Some of the largest builders in the segment, Lennar LEN.N down 3.36%, PulteGroup PHM.N down 3.2%, and Toll Brothers TOL.N down 2.90%

** Thirty-year mortgage rates rose to 7.50%, the highest since November 2023 last week

** Including session's move, LEN, DHI, PHM and TOL are down over 29%, 8%, 7% and 4% YTD, respectively, versus a decline of over 2% in the PHLX Housing Sector Index .HGX

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