Some interesting data points on the housing market. (Source)
Summary: market is super tight, demand and supply both down.
XHB - the homebuilder ETF - is showing weakness though. I wonder if some kind of new pivot is coming.
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Keep it up Ni 
, the best work I’ve seen so far <:celebrationsprinkles:1033885438403948654> <:celebrationsprinkles:1033885438403948654> <:celebrationsprinkles:1033885438403948654>
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That indeed is the question, <@803837945098141696> . I don’t see a clear play yet, as homebuilders will continue to do well as long as there is a seller’s strike. Just keeping track of this for now.
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Thanks. I do agree with gunshy that long term wise HBs will be good. Fundstrat Tom Lee had a presentation a few years back predicting another real estate boom due to boomer’s transfer of wealth to the largest generation.
I’m looking short term, that likely the interest rate slows down HBs.
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Prices continue to rise and home values are expected to keep increasing over the next few years. Supply is still low and demand keeping up, wonder if we continue to see home builders and suppliers do well in earnings or start to drop. Haven’t looked in a while but I know some home building companies smashed recent earnings or last earnings cycle. Will be reviewing this more over the next few months.
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Might be a long term bullish sign for housing. This billionaire is buying a mortgage company hoping to streamline the process. Obviously he’s bullish on housing.