Valuetainment
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Home Builders' Stock Index Soars 100% Year-Over-Year: What This Means for Housing Prices
Posted
August 31, 2024
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0:48Now PlayingThe stock index for home builders has surged 100% year-over-year, indicating a significant uptick in the housing market. Your investment would have doubled if you invested $100 last year into an ETF covering major home builders like D.R. Horton, Toll Brothers, Lennar, and KB Home. This growth suggests that home builders are thriving and increasing supply. While some relief in home prices is anticipated for next year, it may accelerate if unemployment rises above 4.3-4.4%. Homebuilders are expected to continue their work, but it will take additional time for the increased supply to impact housing prices.
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