Tri Pointe Homes stock jumps nearly 9% as Trump mortgage-bond order lifts homebuilders; CPI next
Tri Pointe Homes shares rose 8.7% to $35.42 Friday after President Trump announced a $200 billion federal purchase of mortgage bonds aimed at lowering rates. Other homebuilder stocks also climbed. RBC Capital lowered its price target for Tri Pointe to $31, citing affordability concerns. December CPI data is due Tuesday.