Monetary Policy Stance - Christopher Waller advocated for a rate cut at the upcoming meeting in two weeks [1] - Waller's views have shifted from hawkish to dovish over the past couple of years [1] - The speaker expressed concern that the optimal time for rate cuts was in April and May [2] - The current level of interest rates is considered restrictive [3] - The speaker would like to see the Fed make further adjustments, believing they paused prematurely [3] Economic Outlook - Anticipation of economic reacceleration in September, October, and November [3] - The speaker believes the "one big beautiful bill" contains incentives for business investment [2]

Market Trends & Sentiment - Homebuilder ETF experienced its best day since 2022, with Horton and PTE jumping double digits [1] - Consumer confidence is improving, potentially bringing buyers off the sidelines [2] - Investor sentiment is improving with optimism that this quarter will be the last cut for homebuilders and the housing market will improve moving into 2026 [3] - Stabilization in rates is needed more than rate cuts for homebuilders to plan and consumers to make decisions [4] Company Strategy & Operations - Builders are building smaller footprints with fewer SKUs (stock keeping units) to make the build process more efficient and affordable [5] - Builders are offering financing incentives to solve for affordability [6] - Stick and brick costs (labor and material) for homebuilders are down low single digits year-over-year [7] - Public builders are gaining market share, now representing about 50% of the market among the top 16 builders, due to better access to land, labor, materials, and financing [10] External Factors & Policy - Lumber prices are up 20-30% for the year but remain in a manageable range [6] - Potential elimination of capital gains for selling homes could put incremental dollars in the hands of consumers, making home purchases more palatable [8][9] - There is a real shortage of labor in the market, but the immigration crackdown has not caused any disruption as of yet [12]

Bond traders are boosting bets that the Federal Reserve will cut interest rates more aggressively next year as speculation mounts that a change of leadership at the central bank will deliver easier monetary policy https://t.co/87NovKQONP ...

Several large U.S. banks announced CD rate increases on Tuesday—a welcome development at a time when most CD shoppers have been expecting rates to stay flat. https://t.co/iEEQWKWY9q ...

🇺🇸 TRUMP: Housing is lagging and families are hurting because “Too Late” Powell won’t cut rates. https://t.co/ZYXG34O8uH ...

🇺🇸 PRESIDENT TRUMP JUST CALLED FED CHAIR JEROME POWELL A STUBBORN GUY FOR NOT CUTTING RATES. https://t.co/Gppr7xcC2E ...

Inflation in the United States has been above the Fed's target since 2021. It is still elevated. A risk with tariffs, which might not normally apply, but a risk here is that because we've been at inflation elevated pace for so much time, that people are just going to build that into their thinking.Are they going to think, hey, we're going to get 2% inflation going forward. Or maybe they'll get stuck at this around the 3% level. And that's a big risk to the Fed. And that's the only reason that it is keeping ...

South African inflation quickened to a four-month high in June, complicating the central bank’s task as it prepares to review interest rates https://t.co/x70eoVvZni ...

Bank of Japan Deputy Governor Shinichi Uchida indicated there’s little immediate need to raise interest rates after a trade deal with the US was announced https://t.co/t9SjKd1YaI ...

With interest rates near two-decade highs, it is no wonder that homebuyers want to cut corners. Some strategies are risky—especially for sellers https://t.co/oDC3WVM3xs ...