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home / news releases / NVR - Defiant Fed Hikes Rates Exacerbates Sell-Off


NVR - Defiant Fed Hikes Rates Exacerbates Sell-Off

Real Estate Weekly Review

The sell-off intensified this week across US and global markets after the Federal Reserve hiked short-term interest rates and signaled a more hawkish tone on future hikes than the market had hoped. The S&P 500 (SPY) and Nasdaq (QQQ) each dipped more than 5% on the week, bringing both major indexes within a couple percentage points of "bear market" territory.

Real estate equities were actually the relative safe-haven this week following solid housing starts and existing home sales data. REITs (VNQ and IYR) still dipped

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Stock Information

Company Name: NVR Inc.
Stock Symbol: NVR
Market: NYSE
Website: nvrinc.com

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