US Housing Starts Plunge to 8-Month Low in May, Signaling Mortgage Market Headwinds
Reported by Reuters
Sentiment
Negative
Importance
8
Price
$6.05
Mkt Cap
$3.939B
52W Low
$3.4
52W High
$14.99
Market data snapshot near publication time
Summary
US single-family housing starts fell 1.9% in May to an eight-month low of 882,000 units, with overall housing starts dropping 15.4%. This continues a negative trend, following a 9.0% decline in April housing starts and persistent increases in mortgage rates. A weakening housing market directly reduces the volume of new mortgage originations, posing a headwind for Freddie Mac's core business of purchasing and securitizing mortgages.
At the time of this announcement, FMCC was trading at $6.05 on OTC in the Finance sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $3.40 to $14.99. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.
Price Chart
FMCC - Latest Insights
FMCC
Jun 16, 2026, 9:04 AM EDT
Price at Filing:
$6.05
Real-time Price:
$6.14
Change:
+$0.0945 (+2%)
Market Cap:
$3.994B
FMCC
Jun 01, 2026, 10:32 AM EDT
Price at Filing:
$6.26
Real-time Price:
$6.14
Change:
-$0.1155 (-2%)
Market Cap:
$3.994B
FMCC
May 28, 2026, 12:00 PM EDT
Price at Filing:
$6.55
Real-time Price:
$6.14
Change:
-$0.4055 (-6%)
Market Cap:
$3.994B
FMCC
May 28, 2026, 10:30 AM EDT
Price at Filing:
$6.50
Real-time Price:
$6.14
Change:
-$0.3555 (-5%)
Market Cap:
$3.994B
FMCC
May 21, 2026, 12:00 PM EDT
Price at Filing:
$6.30
Real-time Price:
$6.14
Change:
-$0.158 (-3%)
Market Cap:
$3.994B
FMCC
May 21, 2026, 9:22 AM EDT
Price at Filing:
$6.42
Real-time Price:
$6.14
Change:
-$0.2755 (-4%)
Market Cap:
$3.994B
FMCC
May 19, 2026, 11:22 AM EDT
Price at Filing:
$6.05
Real-time Price:
$6.14
Change:
+$0.0945 (+2%)
Market Cap:
$3.994B
FMCC
May 11, 2026, 10:00 AM EDT
Price at Filing:
$6.91
Real-time Price:
$6.14
Change:
-$0.7655 (-11%)
Market Cap:
$3.994B
FMCC
May 11, 2026, 9:06 AM EDT
Price at Filing:
$7.13
Real-time Price:
$6.14
Change:
-$0.9855 (-14%)
Market Cap:
$3.994B
FMCC
May 04, 2026, 9:06 AM EDT
Price at Filing:
$7.53
Real-time Price:
$6.14
Change:
-$1.39 (-18%)
Market Cap:
$3.994B