New York, January 10, 2026, 21:10 EST — Market closed.
- Tri Pointe Homes shares ended Friday up 8.7% at $35.42, their biggest one-day move in months
- Homebuilder stocks climbed after a White House push into mortgage-backed bond purchases aimed at lowering mortgage costs
- Traders now look to Tuesday’s U.S. CPI report for the next swing in rates and housing demand
Tri Pointe Homes shares jumped 8.68% to close at $35.42 on Friday, capping a sharp session for U.S. homebuilders as rate-sensitive stocks caught a bid ahead of the weekend. (Tri Pointe Homes)
The rally followed President Donald Trump’s order for his representatives to buy $200 billion in mortgage-backed securities — bundles of home loans sold to investors — in a bid to push mortgage rates down, Reuters reported. Redfin’s head of economics research Chen Zhao said the move could trim borrowing costs by “10 to 15 basis points,” or a tenth to 0.15 percentage point. (Reuters)
That matters right now because mortgage rates are still the throttle for demand. Freddie Mac’s weekly survey showed the average 30-year fixed-rate mortgage at 6.16% as of Jan. 8 — high enough to keep many buyers cautious, and low enough that any fresh drop can pull people off the sidelines. (Freddie Mac)
Tri Pointe’s move tracked the group. D.R. Horton rose 7.8% on Friday, Lennar gained 8.9%, and PulteGroup added 7.3%, while the iShares U.S. Home Construction ETF climbed 6.2%.
Tri Pointe builds single-family homes across regions that include states such as California, Texas and Florida, and it also runs financial services tied to home sales, including mortgage and title work. (Reuters)
Not everyone is chasing the move. RBC adjusted its Tri Pointe price target to $31 from $37 and kept a Sector Perform rating, MT Newswires reported, putting its target below Friday’s close.
There is another risk: the policy path is still muddy. “If the GSEs … can serve as a funding arm for Presidential policy, we shouldn’t ever expect them to be re-privatized again,” JonesTrading analyst Mike O’Rourke said in a note, flagging broader uncertainty around the mortgage-finance system. (Reuters)
For Tri Pointe and its peers, the near-term test is simple. If the mortgage-bond plan keeps long-term rates sliding, builders may lean less on buyer incentives; if rates back up, the trade can unwind fast.
Monday’s open will show whether Friday’s push was one-day positioning or the start of a new run in homebuilders. Rate screens will matter more than homebuilding headlines.
The next hard catalyst comes Tuesday: the U.S. Labor Department’s consumer price index for December is due Jan. 13 at 8:30 a.m. ET, a release that can move Treasury yields — and mortgage rates — in minutes.
