Is housing turning?
Housing is where interest rates hit the economy first: higher mortgage rates slow sales and building, which then ripples into furniture, appliances, materials and jobs. Builders’ share prices often turn before the data do.
Updated Oct 9, 2026
Soft
Housing reads soft at 19. Mortgage rates are 7.40%, building permits are +4.2% on a year ago, and homebuilder stocks are −15.3 pts vs the S&P over 3 months.
Over time
Select any gauge. Score is housing strength against history; Value is the reading itself.
Housing stocks
Homebuilders, home-improvement retailers and building-product makers, sorted by the past three months. P3 is the Stox composite of performance, persistence and business growth. Select a column to sort.
| Company | P3 | 1M | 3M | 1Y | vs S&P, 1Y | Past year |
|---|---|---|---|---|---|---|
| MHK Mohawk Industries | 58 | −5% | +10% | −3% | −19 pts | |
| SHW Sherwin-Williams | 45 | +1% | −3% | −5% | −21 pts | |
| LEN Lennar | 10 | −2% | −7% | −36% | −52 pts | |
| NVR NVR, Inc. | 11 | −3% | −8% | −24% | −40 pts | |
| DHI D. R. Horton | 16 | −1% | −9% | −15% | −31 pts | |
| PHM PulteGroup | 15 | −4% | −9% | −12% | −28 pts | |
| TOL Toll Brothers | 18 | 0% | −10% | +1% | −15 pts | |
| LOW Lowe's | 36 | −5% | −10% | −22% | −37 pts | |
| MAS Masco | 36 | +2% | −10% | 0% | −16 pts | |
| Z Zillow (Class C) | 20 | −7% | −10% | −59% | −75 pts | |
| HD Home Depot (The) | 33 | −5% | −14% | −24% | −40 pts | |
| RKT Rocket Companies | 45 | −13% | −17% | −29% | −45 pts | |
| BLDR Builders FirstSource | 7 | −10% | −28% | −59% | −75 pts |
How to read this page
How it’s measured. Building permits and 30-year mortgage rates from Stox Pulse, scored against their last ten years with lower rates reading as stronger, plus homebuilder and building-related funds against the S&P 500, scored against their last five years. The overall reading averages the four.
Sources. Daily prices from Financial Modeling Prep; economic data from FRED, the Census Bureau and the Energy Information Administration from Stox Pulse.
Mortgage rates are turned around so that lower rates score as stronger housing. Permits are scored on their change from a year earlier.
Homebuilder stocks are among the most sensitive to long-term interest rates; see which stocks move with rates for the full list.
This page is information, not investment advice. About our data and methods ›