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 29 June 2026

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

(FRM) averaged 6.49% as of June 25th, 2026, +2bps w/w and -28bps y/y. The 15yr FRM United States

averaged 5.84%, +3bps w/w and -5bps y/y. Homebuilders, Building Materials

On June 25, 2026, James Hardie Industries plc (JHX AU) redeemed its US$400 million James Kayler, CFA

Research Analyst

aggregate principal amount 5.00% Senior Unsecured Notes due 2028@100%. BofAS

+1 646 855 9223

Trump cancels signing of Bipartisan Housing Bill insisting that lawmakers pass the SAVE james.f.kayler@bofa.com

America Act, which tightens voter-eligibility rules, before he would sign housing bill Drew Thompson

focused on lower housing costs, which has been passed by the House and Senate. BofAS

+1 646 855 8205

New home sales for May totaled 580K SAAR vs consensus of 640K. andrew.thompson2@bofa.com

The Mortgage Bankers Association (MBA) reports its mortgage application index

increased +1% w/w for the week ending June 19, 2026 from -3.8% last week.

MBA data shows affordability deteriorated in May, with its Purchase Applications

Payment Index (PAPI) increasing 2.2% m/m to a reading of 159.4.

Key Events in the Week Ahead

No company is expected to report quarterly earnings through July 3rd. Macroeconomic

indicators to be released this week: FHFA House Price Index (06/30), S&P Cotality CS US

HPI (06/30) and MBA Mortgage Applications (07/01).

Last Week’s Market Commentary

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

Friday, returning +0.16% versus -0.10% for the ICE BofA US High Yield Index (HY Index).