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 20 July 2026

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

(FRM) averaged 6.55% as of July 16th, 2026, +6bps w/w and -20bps y/y. The 15yr FRM United States

averaged 5.93%, +11bps w/w and +1bps y/y. Homebuilders, Building Materials

Trex announced Specialty Building Products (SBP) will be Trex’s sole national distributor James Kayler, CFA

Research Analyst

of decking and railing products across North America. BofAS

+1 646 855 9223

June pending home sales were -5.4% m/m SA versus -0.5% consensus. By region South james.f.kayler@bofa.com

was -4.1%, West -4.7%, Midwest -8.7% and Northeast -3.0%. Drew Thompson

BofAS

The National Association of Home Builders sentiment index was down 2pts m/m to 34 +1 646 855 8205

for July, 1pts below consensus of 35. andrew.thompson2@bofa.com

Housing Starts for June totaled 1,427K SAAR versus 1,310K consensus. Building Permits

for June totaled 1,367K SAAR versus 1,403 consensus.

The Mortgage Bankers Association (MBA) reports mortgage applications decreased 2.7%

w/w ending July 10, 2026, after falling 2.2% in the prior week.

Key Events in the Week Ahead

DR Horton (DHI), Forestar Group (FOR), Pulte Group (PHM), Century Communities (CCS)

and Five Point Holdings (FPH) are expected to report earnings through July 24th.

Macroeconomic indicators to be released this week: MBA Mortgage Applications (07/22)

and New Home Sales (07/24).

Last Week’s Market Commentary

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

Friday, returning +0.12% versus +0.04% for the ICE BofA US High Yield Index (HY Index).