That may seem surprising, and even counter-intuitive given slowing U.S. economic growth, but lower mortgage rates, improving affordability, and seasonal trends are all giving homebuilders a boost.Combined sales of new and previously-owned homes peaked in late 2017 and flat-lined for the following 18 months. New construction wasn’t making much progress, either, as reported by MarketWatch calling the top of the housing cycle in 2018.
McCanless thinks housing market conditions are improving for builders – itself a surprising notion so late in any economic cycle that’s showing increasing signs of slowing – but he also sees upside to the coming earnings season. The supportive conditions McCanless notes include lower mortgage rates, which are helping boost affordability. So is the slowing pace of home price gains and a resilient job market.
Companies like D.R. Horton inc. DHI, +0.90% have pivoted to more affordable products, something housing market analysts – and customers – have clamored for.Why now?
Sure maybe if this was 10 months ago. 🤦♂️
Now ? Do you fools have ANY clue how many months behind you are Holyyyyyyyy crap.
LOL we agree on one thing MarketWatch, it is counter-intuitive 🤣
Why Toll Brothers or Pulte when you can buy SPY?
advice from Zacks
How much money do you have invested?
KB Homes has a very attractive trend line.
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