What will make homebuilders rally? At first glance, the news that low interest rates have gone, well, almost subterranean, should be wind under the sails of the group – and grist for sales. We’ll use the S&P’s Homebuilders Index (XHB) as a proxy for the...
Caution, warns a sell side analyst regarding homebuilder stocks, and the sector swoons. As seen on Friday (Sept. 21), homebuilder equities took it on the chin in the wake of a downgrade from JPMorgan. The firm lowered estimates and ratings for five names. Of those...
March 15, 2023
Despite high construction costs and interest rates, U.S. homebuilders are confident in their industry. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed confidence among builders in the market for newly constructed single-family homes rising two points this month to 44, the NAHB announced Wednesday (March 15). It is the […]
