Homebuilder Shares Snap Their Longest Losing Streak in 15 Years

Shares of U.S. homebuilders bounced back from 10 straight days of declines, the longest losing streak for the sector since 2002, riding the broader market’s recovery to end up 3.7 percent.

After performing four times as well as the market last year, the homebuilders got walloped, nearly matching 2002’s string of 11 consecutive days in the red. Borrowing costs spooked some investors, who worry the shares will decline as rising interest rates make housing more expensive.