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....
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For further details see:
XHB: Average Home Prices Are Set To Fall, Perhaps Significantly