HY Homebuilders, Building Materials: Weekly Update

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HY Homebuilders, Building Materials: Weekly Update

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HY Homebuilders, Building Materials

Weekly Update

Industry Overview

Weekly Highlights 22 June 2026

Freddie Mac's Primary Mortgage Market Survey (PMMS) shows 30yr fixed rate mortgage High Yield Credit

(FRM) averaged 6.47% as of June 18th, 2026, -5bps w/w and -34bps y/y. The 15yr FRM United States

averaged 5.81%, -3bps w/w and -15bps y/y. Homebuilders, Building Materials

Builder confidence for newly built single-family homes fell two points m/m to 35 in June, James Kayler, CFA

Research Analyst

according to the National Association of Home Builders (NAHB)/Wells Fargo Housing BofAS

Market Index (HMI). +1 646 855 9223 james.f.kayler@bofa.com

Realtor.com reports Congress appears poised to give a final nod to a comprehensive Drew Thompson

housing reform package after months of stalled progress, setting the stage for President BofAS

Donald Trump to sign it. The Senate voted 87-8 last week to consider the House's +1andrew.thompson2@bofa.com646 855 8205

amended version of the 21st Century Road to Housing Act.

Pending home sales for May were +3.8% m/m SA versus +0.9% consensus.

Housing Starts for May totaled 1,177K SAAR versus 1,430K consensus. Building Permits

for May totaled 1,413K SAAR versus 1,418K consensus.

Key Events in the Week Ahead

KB Home (KBH) is expected to report quarterly earnings through June 16th.

Macroeconomic indicators to be released this week: MBA Mortgage Applications (06/24)

and New Home Sales (06/24).

Last Week’s Market Commentary

The HY Homebuilders sector outperformed the broader market for the week ending

Friday, returning +0.27% versus +0.13% for the ICE BofA US High Yield Index (HY Index).

As of June 19, the HY Homebuilders sector is trading at a YTW of 6.00% and a STW of