What next for the housing market?
- Posted on April 18, 2022
- Editors Pick
- By admin
Homebuilders stocks to watch:
- LGI Homes (LGIH) down - 59 (40).00 % year to date.
- PutleGroup inc (PHM) down -14.28 (25.46%) year to date.
- Dr Horton Inc (DHI) down 34.32. (-32.60 %) year to date.
- Lennar Corporation LEN. down 36.05 (32.24 % year to date
- Toll Brothers Inc is down 24.86 (-35.39% year to date.
These stocks trading down altogether means that home builder stocks are losing money somewhere and that the market is bad.
Does this mean that it is a bad time to buy homes? Well, when the interest rate is high, it's not a good time to buy stocks.
More to come.
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