Evercore ISI Downgrades Homebuilders, Questions Trump Housing Approach

Evercore ISI has downgraded six homebuilding companies from outperform to in-line status, citing concerns about the current administration's housing market strategy. Analyst Stephen Kim indicated that President Trump's focus on increasing housing production to improve affordability may not align with the firm's preferred approach. The analysis suggests that lowering mortgage rates, rather than expanding housing supply, might be more beneficial for the sector.