Homebuilder Giants Lennar, PulteGroup Hit New 52-Week Highs As Rate Cut Closes In
Homebuilder Giants Lennar, PulteGroup Hit New 52-Week Highs As Rate Cut Closes In
"Lower rates would benefit home demand," the note added, suggesting that a Federal Reserve cut of 25 to 50 basis points would add fuel to the fire for the housing sector.Homebuilder stocks are hitting new highs as anticipation builds ahead of the Federal Reserve's upcoming rate cut decision. Both Lennar Corp (NYSE:LEN) and PulteGroup, Inc. (NYSE:PHM) surged to 52-week highs on Sept. 18, with Lennar reaching $190.12 and PulteGroup hitting $141.43.
由於投資者預期聯儲局即將減息，住宅建築股票創下新高。萊納建築（NYSE:LEN）和普得集團（NYSE:PHM）在9月18日達到52周高點，萊納建築達到190.12美元，普得集團達到141.43美元。
The rally comes as investors bet that the Fed's expected rate cut could further boost the already resurgent housing market.
投資者認爲聯儲局預計的減息將進一步提振已經復甦的住房市場，從而推動住房建築股票的上漲。
Lower Rates To Benefit Home Builder Stocks
減息將有利於住宅建築股票
A note from Bank of America Securities highlights that the rally in homebuilder stocks has been underway since early July, coinciding with a drop in 30-year mortgage rates from 7% to 6.2%.
美國銀行證券的一份報告指出，住宅建築股票的上漲始於7月初，與30年期房貸利率從7%降至6.2%同時發生。
"Lower rates would benefit home demand," the note added, suggesting that a Federal Reserve cut of 25 to 50 basis points would add fuel to the fire for the housing sector.
該報告補充道：「減息將有利於住房需求」，並建議聯儲局將減息25至50個點子，以推動住房行業的增長。
Read Also: Homebuilder Stocks Outperform Ahead Of Potential Rate Cuts — But What's Next?
閱讀更多：潛在減息前，住宅建築股票表現優異——但接下來呢？
Lennar's Cash Flow Yield In Focus As It Reports Q3 Earnings
關注萊納建築的現金流收益率，因其公佈了第三季度業績報告。
Lennar, up 26.78% year to date and nearly 60% over the past year, has been a standout performer, benefiting from strong demand and improved earnings multiples. The company is expected to release its third-quarter earnings tomorrow (Thursday), which could provide further insights into its performance.
萊納建築今年迄今增長26.78%，過去一年增長近60%，一直表現突出，受益於需求旺盛和盈利倍數改善。該公司預計將在明天（週四）發佈其第三季度業績報告，這可能爲其表現提供更多見解。
Bryn Talkington of Requisite Capital Management also pointed to Lennar's impressive free cash flow yield of 11%, making it an attractive play for investors seeking value amid the rate cut frenzy.
Requisite Capital Management的Bryn Talkington也提到了萊納建築令人印象深刻的11%自由現金流收益率，使其成爲在利率下調狂潮中尋求價值的投資者的吸引點。
PulteGroup's Margins Continue To Impress Investors
普得集團的利潤率繼續讓投資者印象深刻
PulteGroup, up a whopping 82.46% over the past year, followed a similar path. The company, which develops single-family homes under well-known brands such as Pulte Homes and Centex, continues to enjoy top-of-the-line margins despite industry headwinds like inflation and a soft labor market.
普得集團在過去一年中大漲82.46%，走過了類似的道路。這家公司以Pulte Homes和Centex等知名品牌開發單戶住宅，儘管面臨通貨膨脹和勞動力市場疲軟等行業逆風，但仍然保持着一流的利潤率。
Analysts believe the Fed's expected rate cut will temporarily relieve the housing affordability crisis, though long-term challenges remain.
分析師們認爲，聯儲局預計的減息將暫時緩解住房價格負擔危機，儘管長期挑戰依然存在。
Lennar and PulteGroup are positioned to keep riding the wave as the Fed's decision looms. Investors eyeing exposure to the housing sector may want to watch closely.
隨着聯儲局決定逼近，萊納建築和普得集團有望繼續乘風破浪。渴望在房地產板塊獲得曝光的投資者可能希望密切關注。
- Single-Family Housing Starts Are Up As Mortgage Rates Decline, Fed Eyes Lower Rates
- 由於貸款利率下降，單戶住房開工增長，聯儲局眼中的利率降低。
譯文內容由第三人軟體翻譯。