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 15 June 2026

Freddie Mac results of its Primary Mortgage Market Survey (PMMS) shows 30-year fixed High Yield Credit

rate mortgage (FRM) averaged 6.52% as of June 11th, 2026, +4bps w/w and -32bps y/y. United States

The 15-year FRM averaged 5.84%, +5bps w/w and -13bps y/y. Homebuilders, Building Materials

The Mortgage Bankers Association (MBA) reports that its applications index rose 10.8% James Kayler, CFA

in the week ended June 5, after falling 2.5% in prior week. ResearchBofAS Analyst

+1 646 855 9223

Griffon Corp (GFF) announced closing of the JV of GFF’s AMES Companies U.S. and james.f.kayler@bofa.com

Canada business with Venanpri Tools, the global professional and consumer tool provider Drew Thompson

majority owned by ONCAP, a subsidiary of Onex Corporation (ONEX). GFF received $100 Research Analyst

BofAS

million cash consideration and $161 million of second lien debt from Veritage Brands for +1 646 855 8205

sale of AMES U.S. and Canada. GFF holds a 43% equity interest in JV. andrew.thompson2@bofa.com

Fitch revised 2026 outlooks for the U.S. homebuilding and Building Products sectors to

deteriorating from neutral, reflecting the mounting affordability pressures and higher-for

longer mortgage rates.

Key Events in the Week Ahead

No company is expected to report quarterly earnings through June 19. Macroeconomic

indicators to be released this week: NAHB Housing Market Index (June 15), Housing

Starts and Building Permits (June 16), MBA Mortgage Applications (June 17), and

Pending Home Sales (June 17).

Last Week’s Market Commentary

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