Housing
Homebuilders at 7% mortgages
6 stocks · 2 groups · Updated
Mortgage rates decide how many buyers can afford a new home. These builders and lenders say so in their own filings.
At a glance
01
The builders
LENLennarLENBuilds and sells homes across the US.
Lennar puts a number on it. The 30-year rate rose to about 7% during its latest quarter.
“Mortgage interest rates moved higher during the quarter, with the 30-year fixed rate rising to approximately 7%, compared with the 6.4% to 6.5% range earlier this year, and the 10-year U.S. Treasury yield rising to approximately 5%.”
LennarLEN
Builds and sells homes across the US.
Lennar puts a number on it. The 30-year rate rose to about 7% during its latest quarter.
“Mortgage interest rates moved higher during the quarter, with the 30-year fixed rate rising to approximately 7%, compared with the 6.4% to 6.5% range earlier this year, and the 10-year U.S. Treasury yield rising to approximately 5%.”
DHID.R. HortonDHIBuilds single-family homes nationwide.
The largest US builder says buyers are being held back by what they can afford.
“During the third quarter, new home demand continued to be impacted by affordability constraints and cautious consumer sentiment.”
D.R. HortonDHI
Builds single-family homes nationwide.
The largest US builder says buyers are being held back by what they can afford.
“During the third quarter, new home demand continued to be impacted by affordability constraints and cautious consumer sentiment.”
PHMPulteGroupPHMBuilds homes and lends to its buyers.
PulteGroup names high mortgage rates first among the reasons demand stayed hard.
“Demand conditions remained challenging through the second quarter of 2026 as the result of elevated mortgage interest rates, higher housing costs, and general economic uncertainty.”
PulteGroupPHM
Builds homes and lends to its buyers.
PulteGroup names high mortgage rates first among the reasons demand stayed hard.
“Demand conditions remained challenging through the second quarter of 2026 as the result of elevated mortgage interest rates, higher housing costs, and general economic uncertainty.”
NVRNVRNVRBuilds homes, mostly sold before construction.
Even NVR, which buys land carefully and builds to order, says affordability is weighing on demand.
“During the second quarter of 2026, demand for new homes continued to be negatively impacted by affordability issues, high home inventory levels in certain markets, weak consumer sentiment and economic volatility.”
NVRNVR
Builds homes, mostly sold before construction.
Even NVR, which buys land carefully and builds to order, says affordability is weighing on demand.
“During the second quarter of 2026, demand for new homes continued to be negatively impacted by affordability issues, high home inventory levels in certain markets, weak consumer sentiment and economic volatility.”
TOLToll BrothersTOLBuilds luxury homes.
Wealthier buyers aren't immune. Toll's contracts per community fell about 5% from a year ago.
“On a per-community basis, net signed contracts declined approximately 5% year-over-year, continuing to reflect challenging demand conditions and a housing market impacted by elevated mortgage rates, weak consumer confidence, and geopolitical volatility.”
Toll BrothersTOL
Builds luxury homes.
Wealthier buyers aren't immune. Toll's contracts per community fell about 5% from a year ago.
“On a per-community basis, net signed contracts declined approximately 5% year-over-year, continuing to reflect challenging demand conditions and a housing market impacted by elevated mortgage rates, weak consumer confidence, and geopolitical volatility.”
02
The lenders
RKTRocket CompaniesRKTOnline mortgage lender.
Fewer affordable homes means fewer mortgages. Rocket says higher rates offset a stronger job market.
“Improving labor market conditions and wage growth provided some support to the housing market, but this was counteracted by elevated mortgage rates and continued affordability challenges.”
Rocket CompaniesRKT
Online mortgage lender.
Fewer affordable homes means fewer mortgages. Rocket says higher rates offset a stronger job market.
“Improving labor market conditions and wage growth provided some support to the housing market, but this was counteracted by elevated mortgage rates and continued affordability challenges.”