Trump, Pulte Threats Fuel $19.5 Billion Homebuilders Rout (2)

President Donald Trump and Federal Housing Finance Agency Director Bill Pulte are fueling a deeper selloff in already struggling homebuilder stocks.

A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, contributed to a four-day losing streak for an S&P gauge of builders. The group has tumbled 9.6%, losing more than $19.5 billion in market value over the period, the worst such selloff since Trump’s tariff announcement in early April.

Homebuilders were trailing the broader market this year, beset by rising inventories, stretched ...