Stock Market
The Housing Boom Is Over. But Housing Stocks Could Still Be Winners.
[ad_1]
[ad_2]
Plunging orders. Widespread price discounting. Shrinking profits. These are just some of the factors weighing on home builders after surging mortgage rates burst the pandemic-era real estate boom.
Home-building stocks, however, are looking past the current gloom. Though many of them are down 30% or more this year, they’ve gained an average of 20% off the June lows—and even the latest downbeat housing data hasn’t knocked them down.
Share this news on your Fb,Twitter and Whatsapp
Times News Network:Latest News Headlines
Times News Network||Health||