Call toll-free 800.328.1267
[showmodule id=”58959″]
Bullish news continues for the U.S. housing sector, even with interest rates spiking to pre-coronavirus levels.
Home prices rose 10.4 percent in December, according to S&P CoreLogic Case-Shiller yesterday. It was the biggest in seven years, accelerating from November’s impressive 9.5 percent increase.
It followed another surprisingly robust report on Friday: Existing home sales hit an annualized pace of 6.69 million, the highest reading since 2005.
Those numbers highlight underlying positives in housing. The U.S. entered 2020 with a shortage of houses, and then experienced a spike in demand as the pandemic fueled demand for suburban homes. The result has been one of the strongest markets in U.S. history, with builder sentiment flying past levels from the 2005-2007 real-estate bubble.
Interest rates have jumped since those numbers were collected. That’s helped to drag down housing stocks in recent weeks, but several builders remain near long-term highs.
Here are some key names to watch:
| Company | Market Cap | Business |
| DR Horton (DHI) | $28 billion | Homebuilder |
| Lennar (LEN) | $26 billion | Homebuilder |
| PulteHome (PHM) | $12 billion | Homebuilder |
| Lowe’s (LOW) | $123 billion | Home Improvement |
| Home Depot (HD) | $288 billion | Home Improvement |
Money is flowing back into stocks as investors hope for a better inflation report this week. The S&P 500 rose 1.9 percent between Friday, May 3, and Friday, May 10. It was the third straight positive week. More than four-fifths of the index's members advanced,...
Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support. The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to...
Most of the big earnings reports have now occurred, and so far they've done little to boost the market. Companies like Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Caterpillar (CAT) and Intel (INTC) reported profits above Wall Street estimates. However...