Home builder stocks took a hit recently as did home improvement stocks. Why are these housing stocks down? Is this a correction that you can buy into or a warning sign to get out of the sector entirely? CNBC reports on falling home improvement stocks and the housing market.
Shares of Whirlpool tanked 11 percent Tuesday, after the home appliance company reported earnings that missed estimates amid a decrease in revenue. The company also cut its guidance, blaming “temporary U.S. demand softness as well as Brexit-related currency volatility and demand weakness in the U.K.”
Whirlpool is often considered an auxiliary housing play, […]