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XLRE lags SPY 400bps: housing starts 2020 low, rate trap read

US housing starts hit their weakest pace since 2020 as mortgage rates hold above 6% and September hike odds rise under Warsh, with XLRE underperforming SPY by 400 basis points year-to-date. HD and LOW earnings misses, 25.2M under-35s at home, and key affordability levels tracked live.

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XLRE lags SPY 400bps: housing starts 2020 low, rate trap read has gained +0% in mention volume over the past 24 hours. Sentiment is skeptical. Coverage is led by tier-1 financial press with cross-platform amplification.