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 19 May 2026

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

(FRM) averaged 6.36% as of May 14th, 2026, -1bps w/w and -45bps y/y. The 15yr FRM United States

averaged 5.71%, -1bps w/w and -21bps y/y. Homebuilders, Building Materials

The Mortgage Bankers Association (MBA) reports its application index rose +1.7% w/w James Kayler, CFA

Research Analyst

in the week ended May 8th, after falling 4.4% in prior week. MBA notes applications for BofAS

purchases were up +3.9% after falling -3.7% in prior week. Applications for refinancing +1 646 855 9223 james.f.kayler@bofa.com

fell -0.8% after falling -5.0% in prior week.

Drew Thompson

Existing home sales for April totaled 4.02M SAAR versus 4.05M consensus. Existing BofAS

home sales for April were +0.2% m/m versus +2.0% m/m consensus. March existing +1andrew.thompson2@bofa.com646 855 8205

home sales were upwardly revised to -2.9% from -3.6% m/m.

The National Association of Realtors (NAR) reports the Market Outlook from the Realtors

Confidence Index(RCI) showed a relatively stable view for buyers and sellers on a

monthly and annual basis.

Key Events in the Week Ahead

James Hardie (JHX AU), Eagle Materials (EXP), Toll Brothers (TOL), Advanced Drainage

Systems (WMS) and Hovnanian Enterprises (HOV) are expected to report quarterly

earnings through May 22nd. Macroeconomic indicators to be released this week: NAHB

Housing Market Index (May 18th), Pending Home Sales (May 19th), MBA Mortgage

Applications (May 20th) and Housing Starts & Building Permits (May 21st).

Last Week’s Market Commentary