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DHI May 2024 80.000 put

OPR - OPR Delayed price. Currency in USD
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0.15000.0000 (0.00%)
As of 09:30AM EST. Market open.
Full screen
Previous close0.1500
Expiry date2024-05-17
Day's range0.1500 - 0.1500
Contract rangeN/A
Open interest18
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    Homebuilders caught in middle of tale of two housing markets

    Mortgage rates remain elevated throughout February and reaching a two-month high, according to Freddie Mac's latest reading. Shares of homebuilder Toll Brothers (TOL) rise after topping fiscal first-quarter earnings estimates on Tuesday. What is Toll Brothers' guidance forecasting for US housing market hopes? John Lovallo, UBS US Homebuilders & Building Products Equity Research Analyst, explains patterns in housing demand and how homebuilders are managing to maintain resiliency amid mortgage rate and inventory pressures. "It's been a tale of two markets. The new home market has been very good, and we can talk about that. It's the existing home market, because there's no supply of inventory on the ground, which has been much more sort of locked in place, if you will," Lovallo tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.