According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built single-family homes stood at 46 in November, up three...
The third quarter of 2024 was extremely volatile for the U.S. stock market. While recession fears, geopolitical tensions, fading AI craze and uncertainty surrounding the elections kept investors on edge,...
Finally, the Federal Reserve slashed interest rates for the first time since 2020 to address slowing economic growth. The central bank cut rates by 50 basis points (bps) to 4.75%-5% after holding it at...
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Despite Builders FirstSource underperforming the broader market over the past year, Wall Street analysts remain moderately bullish about the stock’s prospects.