A change in freetype includes has broken rawhide libXft.  Upstream libXft has posted a fix which I have double checked in fact fixes the problem:

http://cgit.freedesktop.org/xorg/lib/libXft/commit/?id=4acfdaf95adb0a05c2a25550bdde036c865902f4


Failure log:

baude@localhost ~]$ fedpkg clone -a libXft
Cloning into 'libXft'...
remote: Counting objects: 243, done.
remote: Compressing objects: 100% (142/142), done.
remote: Total 243 (delta 94), reused 201 (delta 84)
Receiving objects: 100% (243/243), 27.90 KiB | 0 bytes/s, done.
Resolving deltas: 100% (94/94), done.
Checking connectivity... done.
[baude@localhost ~]$ cd libXft
[baude@localhost libXft]$ fedpkg local
Downloading libXft-2.3.1.tar.bz2
  % Total    % Received % Xferd  Average Speed   Time    Time     Time  Current
                                 Dload  Upload   Total   Spent    Left  Speed
100  304k  100  304k    0     0   491k      0 --:--:-- --:--:-- --:--:--  492k

Executing(%prep): /bin/sh -e /var/tmp/rpm-tmp.2Ei1w9
+ umask 022
+ cd /home/baude/libXft
+ cd /home/baude/libXft
+ rm -rf libXft-2.3.1
+ /usr/bin/tar -xf -
+ /usr/bin/bzip2 -dc /home/baude/libXft/libXft-2.3.1.tar.bz2
+ STATUS=0
+ '[' 0 -ne 0 ']'
+ cd libXft-2.3.1
+ /usr/bin/chmod -Rf a+rX,u+w,g-w,o-w .
+ exit 0
Executing(%build): /bin/sh -e /var/tmp/rpm-tmp.iWTWPS
+ umask 022
+ cd /home/baude/libXft
+ cd libXft-2.3.1
+ autoreconf -v --install --force
autoreconf: Entering directory `.'
autoreconf: configure.ac: not using Gettext
autoreconf: running: aclocal --force 
autoreconf: configure.ac: tracing
autoreconf: running: libtoolize --copy --force
libtoolize: putting auxiliary files in `.'.
libtoolize: copying file `./ltmain.sh'
libtoolize: Consider adding `AC_CONFIG_MACRO_DIR([m4])' to configure.ac and
libtoolize: rerunning libtoolize, to keep the correct libtool macros in-tree.
libtoolize: Consider adding `-I m4' to ACLOCAL_AMFLAGS in Makefile.am.
autoreconf: running: /usr/bin/autoconf --force
autoreconf: running: /usr/bin/autoheader --force
autoreconf: running: automake --add-missing --copy --force-missing
configure.ac:40: installing './compile'
autoreconf: Leaving directory `.'
+ CFLAGS='-O2 -g -fsigned-char'
+ export CFLAGS
+ CXXFLAGS='-O2 -g -fsigned-char'
+ export CXXFLAGS
+ FFLAGS='-O2 -g -fsigned-char -I/usr/lib64/gfortran/modules'
+ export FFLAGS
+ FCFLAGS='-O2 -g -fsigned-char -I/usr/lib64/gfortran/modules'
+ export FCFLAGS
+ LDFLAGS='-Wl,-z,relro '
+ export LDFLAGS
++ find . -name config.guess -o -name config.sub
+ for i in '$(find . -name config.guess -o -name config.sub)'
++ basename ./config.guess
+ '[' -f /usr/lib/rpm/redhat/config.guess ']'
+ /usr/bin/rm -f ./config.guess
++ basename ./config.guess
+ /usr/bin/cp -fv /usr/lib/rpm/redhat/config.guess ./config.guess
'/usr/lib/rpm/redhat/config.guess' -> './config.guess'
+ for i in '$(find . -name config.guess -o -name config.sub)'
++ basename ./config.sub
+ '[' -f /usr/lib/rpm/redhat/config.sub ']'
+ /usr/bin/rm -f ./config.sub
++ basename ./config.sub
+ /usr/bin/cp -fv /usr/lib/rpm/redhat/config.sub ./config.sub
'/usr/lib/rpm/redhat/config.sub' -> './config.sub'
+ '[' 1 = 1 ']'
+ '[' x '!=' x ']'
+ ./configure --build=powerpc64le-redhat-linux-gnu --host=powerpc64le-redhat-linux-gnu --program-prefix= --disable-dependency-tracking --prefix=/usr --exec-prefix=/usr --bindir=/usr/bin --sbindir=/usr/sbin --sysconfdir=/etc --datadir=/usr/share --includedir=/usr/include --libdir=/usr/lib64 --libexecdir=/usr/libexec --localstatedir=/var --sharedstatedir=/var/lib --mandir=/usr/share/man --infodir=/usr/share/info --disable-static
checking for a BSD-compatible install... /usr/bin/install -c
checking whether build environment is sane... yes
checking for a thread-safe mkdir -p... /usr/bin/mkdir -p
checking for gawk... gawk
checking whether make sets $(MAKE)... yes
checking whether make supports nested variables... yes
checking whether to enable maintainer-specific portions of Makefiles... no
checking build system type... powerpc64le-redhat-linux-gnu
checking host system type... powerpc64le-redhat-linux-gnu
checking how to print strings... printf
checking for style of include used by make... GNU
checking for powerpc64le-redhat-linux-gnu-gcc... no
checking for gcc... gcc
checking whether the C compiler works... yes
checking for C compiler default output file name... a.out
checking for suffix of executables... 
checking whether we are cross compiling... no
checking for suffix of object files... o
checking whether we are using the GNU C compiler... yes
checking whether gcc accepts -g... yes
checking for gcc option to accept ISO C89... none needed
checking whether gcc understands -c and -o together... yes
checking dependency style of gcc... none
checking for a sed that does not truncate output... /usr/bin/sed
checking for grep that handles long lines and -e... /usr/bin/grep
checking for egrep... /usr/bin/grep -E
checking for fgrep... /usr/bin/grep -F
checking for ld used by gcc... /usr/bin/ld
checking if the linker (/usr/bin/ld) is GNU ld... yes
checking for BSD- or MS-compatible name lister (nm)... /usr/bin/nm -B
checking the name lister (/usr/bin/nm -B) interface... BSD nm
checking whether ln -s works... yes
checking the maximum length of command line arguments... 1572864
checking whether the shell understands some XSI constructs... yes
checking whether the shell understands "+="... yes
checking how to convert powerpc64le-redhat-linux-gnu file names to powerpc64le-redhat-linux-gnu format... func_convert_file_noop
checking how to convert powerpc64le-redhat-linux-gnu file names to toolchain format... func_convert_file_noop
checking for /usr/bin/ld option to reload object files... -r
checking for powerpc64le-redhat-linux-gnu-objdump... no
checking for objdump... objdump
checking how to recognize dependent libraries... pass_all
checking for powerpc64le-redhat-linux-gnu-dlltool... no
checking for dlltool... no
checking how to associate runtime and link libraries... printf %s\n
checking for powerpc64le-redhat-linux-gnu-ar... no
checking for ar... ar
checking for archiver @FILE support... @
checking for powerpc64le-redhat-linux-gnu-strip... no
checking for strip... strip
checking for powerpc64le-redhat-linux-gnu-ranlib... no
checking for ranlib... ranlib
checking command to parse /usr/bin/nm -B output from gcc object... ok
checking for sysroot... no
checking for powerpc64le-redhat-linux-gnu-mt... no
checking for mt... no
checking if : is a manifest tool... no
checking how to run the C preprocessor... gcc -E
checking for ANSI C header files... yes
checking for sys/types.h... yes
checking for sys/stat.h... yes
checking for stdlib.h... yes
checking for string.h... yes
checking for memory.h... yes
checking for strings.h... yes
checking for inttypes.h... yes
checking for stdint.h... yes
checking for unistd.h... yes
checking for dlfcn.h... yes
checking for objdir... .libs
checking if gcc supports -fno-rtti -fno-exceptions... no
checking for gcc option to produce PIC... -fPIC -DPIC
checking if gcc PIC flag -fPIC -DPIC works... yes
checking if gcc static flag -static works... no
checking if gcc supports -c -o file.o... yes
checking if gcc supports -c -o file.o... (cached) yes
checking whether the gcc linker (/usr/bin/ld) supports shared libraries... yes
checking whether -lc should be explicitly linked in... no
checking dynamic linker characteristics... GNU/Linux ld.so
checking how to hardcode library paths into programs... immediate
checking whether stripping libraries is possible... yes
checking if libtool supports shared libraries... yes
checking whether to build shared libraries... yes
checking whether to build static libraries... no
checking for gcc option to accept ISO C99... -std=gnu99
checking whether __clang__ is declared... no
checking whether __INTEL_COMPILER is declared... no
checking whether __SUNPRO_C is declared... no
checking for powerpc64le-redhat-linux-gnu-pkg-config... /usr/bin/powerpc64le-redhat-linux-gnu-pkg-config
checking pkg-config is at least version 0.9.0... yes
checking if gcc -std=gnu99 supports -Werror=unknown-warning-option... no
checking if gcc -std=gnu99 supports -Werror=unused-command-line-argument... no
checking if gcc -std=gnu99 supports -Wall... yes
checking if gcc -std=gnu99 supports -Wpointer-arith... yes
checking if gcc -std=gnu99 supports -Wmissing-declarations... yes
checking if gcc -std=gnu99 supports -Wformat=2... yes
checking if gcc -std=gnu99 supports -Wstrict-prototypes... yes
checking if gcc -std=gnu99 supports -Wmissing-prototypes... yes
checking if gcc -std=gnu99 supports -Wnested-externs... yes
checking if gcc -std=gnu99 supports -Wbad-function-cast... yes
checking if gcc -std=gnu99 supports -Wold-style-definition... yes
checking if gcc -std=gnu99 supports -Wdeclaration-after-statement... yes
checking if gcc -std=gnu99 supports -Wunused... yes
checking if gcc -std=gnu99 supports -Wuninitialized... yes
checking if gcc -std=gnu99 supports -Wshadow... yes
checking if gcc -std=gnu99 supports -Wmissing-noreturn... yes
checking if gcc -std=gnu99 supports -Wmissing-format-attribute... yes
checking if gcc -std=gnu99 supports -Wredundant-decls... yes
checking if gcc -std=gnu99 supports -Werror=implicit... yes
checking if gcc -std=gnu99 supports -Werror=nonnull... yes
checking if gcc -std=gnu99 supports -Werror=init-self... yes
checking if gcc -std=gnu99 supports -Werror=main... yes
checking if gcc -std=gnu99 supports -Werror=missing-braces... yes
checking if gcc -std=gnu99 supports -Werror=sequence-point... yes
checking if gcc -std=gnu99 supports -Werror=return-type... yes
checking if gcc -std=gnu99 supports -Werror=trigraphs... yes
checking if gcc -std=gnu99 supports -Werror=array-bounds... yes
checking if gcc -std=gnu99 supports -Werror=int-to-pointer-cast... yes
checking if gcc -std=gnu99 supports -Werror=pointer-to-int-cast... yes
checking if gcc -std=gnu99 supports -pedantic... yes
checking if gcc -std=gnu99 supports -Werror... yes
checking if gcc -std=gnu99 supports -Werror=attributes... yes
checking whether make supports nested variables... (cached) yes
checking for XRENDER... yes
checking for FREETYPE... yes
checking for FONTCONFIG... yes
checking that generated files are newer than configure... done
configure: creating ./config.status
config.status: creating Makefile
config.status: creating xft.pc
config.status: creating src/Makefile
config.status: creating man/Makefile
config.status: creating config.h
config.status: creating include/X11/Xft/Xft.h
config.status: include/X11/Xft/Xft.h is unchanged
config.status: executing depfiles commands
config.status: executing libtool commands
+ make -j12
make  all-recursive
make[1]: Entering directory `/home/baude/libXft/libXft-2.3.1'
Making all in man
make[2]: Entering directory `/home/baude/libXft/libXft-2.3.1/man'
  GEN      Xft.3
make[2]: Leaving directory `/home/baude/libXft/libXft-2.3.1/man'
Making all in src
make[2]: Entering directory `/home/baude/libXft/libXft-2.3.1/src'
  CC       xftcolor.lo
  CC       xftcore.lo
  CC       xftdbg.lo
  CC       xftdpy.lo
  CC       xftextent.lo
  CC       xftdraw.lo
  CC       xftfont.lo
  CC       xftfreetype.lo
  CC       xftglyphs.lo
  CC       xftlist.lo
  CC       xftinit.lo
  CC       xftname.lo
xftglyphs.c:24:30: fatal error: freetype/ftoutln.h: No such file or directory
 #include <freetype/ftoutln.h>
                              ^
compilation terminated.
  CC       xftrender.lo
  CC       xftstr.lo
  CC       xftswap.lo
  CC       xftxlfd.lo
make[2]: *** [xftglyphs.lo] Error 1
make[2]: *** Waiting for unfinished jobs....
make[2]: Leaving directory `/home/baude/libXft/libXft-2.3.1/src'
make[1]: *** [all-recursive] Error 1
make[1]: Leaving directory `/home/baude/libXft/libXft-2.3.1'
make: *** [all] Error 2
error: Bad exit status from /var/tmp/rpm-tmp.iWTWPS (%build)