Housing Stocks Under Pressure Amid Interest Rate Concerns

WASHINGTON (Alliance News) - Housing stocks are seeing substantial weakness during trading on ...

Alliance News 13 June, 2018 | 6:50PM
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WASHINGTON (Alliance News) - Housing stocks are seeing substantial weakness during trading on Wednesday, with the Philadelphia Housing Sector Index slumping by 2.7%. The index is pulling back off its best closing level in almost two months.

The weakness among housing stocks may reflect concerns about the impact of higher interest rates ahead of this afternoon's Fed announcement.

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