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Deep Dive: These stats say now may be the time to buy home-builder stocks

Bloomberg
Lennar Corp. is rated a ‘buy’ or equivalent by 17 of 21 analysts polled by FactSet.

What a difference a few months can make.

During 2018, and especially during the fourth quarter, investors were concerned about rising interest rates and were beginning to fear that a recession was looming. Mortgage-loan interest rates were rising. All this caused a predictable plunge in share prices for most home builders.

But 2019 so far has been a different story, and there are signs the upward path for this industry will continue.

Stock action

This chart shows weekly price movement for the S&P Composite Index’s homebuilding subsector since the end of 2017:

FactSet

(The S&P Composite 1500 comprises the S&P 500 SPX, +0.50% the S&P 400 Mid Cap Index MID, +0.18% and the S&P Small Cap 600 SML, +0.05% )

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