- Somewhat surprisingly given the global pandemic, 2020 existing home sales set a 14-year record.
- Right now, there is a severe lack of inventory: the U.S. actually has more registered real estate agents than it has homes for sale.
- Meantime, the interest rate environment is still very accommodating by historical standards, but commodity prices like lumber and copper are soaring.
- Today, I'll take a look at a well-performing home construction ETF to try and determine its prospects moving forward.
For further details see:
ITB: The 'Home Sweet Home (Builders)' ETF