XHB - XHB: Average Home Prices Are Set To Fall Perhaps Significantly
2024-06-07 11:44:02 ET
Summary
- The SPDR® S&P Homebuilders ETF has increased by almost 50% since its lows of late October.
- This rally has occurred despite the continued challenges across the housing sector and slowing economic growth.
- In the article below, we discuss several reasons average home prices are likely to fall in the quarters ahead, negatively impacting home builders' margins and profits.
The SPDR® S&P Homebuilders ETF ( XHB ) is up nearly 50% since its recent trough in late October. Home prices have continued to advance despite average 30-year mortgage rates hovering near the seven percent level....
XHB: Average Home Prices Are Set To Fall, Perhaps Significantly