Day: January 24, 2024

D.R. Horton Sheds Some Light on the Massive Costs of Mortgage Rate Buydowns as a Hedge Went Awry. Stock Tanks

Energy News Beat The plunge in mortgage rates in Nov and Dec blew up the hedge for the rate buydowns: surprise cost on top of the regular costs of buydowns. By Wolf Richter for WOLF STREET. Homebuilder stocks tanked on Tuesday after D.R. Horton’s earnings call, with D.R. Horton’s stock [DHI] down 9.2%. The sell-off came after the […]

Daily Energy Standup Episode #293 – EV Charger Boondoggle, Solar Mega-Project Activated, Copper Woes, and Market Insights

Energy News Beat Daily Standup Top Stories $2 Billion in Subsidies, Only 2 EV Stations Opened, the Holdup is Social Justice January 23, 2024 Mariel Alumit In yet another example of Biden incompetence, the administration is setting up rules making it harder to deliver EV charging stations. Politicizing EV Charging Stations The Wall Street Journal comments […]