By Jody Chudley On May 15, I showed you three reasons I thought homebuilding stocks were going to be long-term outperformers…
Reason No. 1: There has been more than a decade of massively underbuilding new homes in the United States since the housing bubble popped in 2008.
Reason No. 2: Interest rates are low, and they aren’t going anywhere anytime soon. The Federal Reserve has told us as much, and that means we are going to have historically low mortgage rates stimulating buyer demand.
Reason No. 3: Share prices of homebuilders are cheap. The sector has underperformed the overall market since the COVID-19 outbreak started in …read more
