Homebuilders gain after US Supreme Court rules against Trump's tariffs
ReutersFeb 20, 2026 3:48 PM
Shares of U.S. homebuilders rise in morning trade after the Supreme Court strikes down President Donald Trump's sweeping tariffs
U.S. Supreme Court reaffirms lower court's decision that Trump's use of a 1977 law - the International Emergency Economic Powers Act, or IEEPA - meant for use in national emergencies, exceeded his authority
Shares of NVR Inc NVR.N rise 2%
Peer Pultegroup PHM.N, KB Home KBH.N, D.R. Horton DHI.N and Lennar LEN.N also up between 1% and 2%
PHLX Housing Index .HGX jumps 1%
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