meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

America’s Housing Affordability Crisis… Plus Lululemon Downward Dog 5/21/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 21 May 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Potential homebuyers are feeling the pain as housing affordability hits a staggering new milestone. The data keeping Americans out of the real estate market. Plus Could Lululemon’s business be getting strained? The stock’s biggest bear lays out why he sees this company going downward dog next year. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Life in the NASDAQ market site in the heart of New York City's Times Square,

0:06.0

this is fast money. Here's what's on tap tonight. Housing headaches, the staggering new

0:10.1

stat on home affordability and what it might mean for home builders even as

0:13.7

mortgage rates are expected to pull back. Plus a real lulu lemon shares of the

0:19.2

one-time eath leisure darling at their lowest in over a year and down more than 35% from an all-time

0:24.8

high hit less than six months ago.

0:26.9

Can the stock find its Zen or has it stretched past this limit?

0:31.1

And later Eli Lilly hits another record high.

0:33.2

Etherium's ethereal rise on hopes of a new E. T.F.

0:36.6

And we are counting down to what might be the biggest earnings report this quarter.

0:40.4

What is at stake when NVIDIA delivers its results tomorrow?

0:43.7

I'm Melissa Lee coming to you a lot from studio be at the Nasak on the desk tonight.

0:46.8

Tim Seymour, Karen Feinerman, Steve Grasso, and Guy Adami.

0:50.3

And we begin tonight with a staggering new stat.

0:52.4

More than 100 million American households cannot afford to buy the newly built home,

0:58.0

according to the National Association of Home Builders.

1:00.8

That number has increased by more than 30 million over the last three

1:03.6

years as home prices and mortgage rates have remained stubbornly high. This is we just

1:08.0

got earnings results from high-end home builder Toll Brothers which beat earnings and

1:11.8

sales estimates and raised full year

1:13.4

delivery guidance. That stock right now is higher by a little bit over a percent.

1:17.1

For more on both these stories, let's bring in see NBC's Diana Olic, Diana,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.