US Homebuilder Stocks Plunge Sharply Amid Policy Uncertainty and Gloomy Housing Outlook

U.S. homebuilder stocks plummeted, with the S&P Composite 1500 Homebuilding Index dropping as much as 5.2%, the largest intraday decline since April 10. Investors are assessing the pessimistic outlook on housing from companies like La-Z-Boy and Home Depot, as well as President Trump’s failure to announce any new housing support policies in his State of the Union address.

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