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Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
Read full article: Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcardHousing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don’t jump back to the highs they hit late last year.
Gimme shelter: fewer homes being built as builders pull back
Read full article: Gimme shelter: fewer homes being built as builders pull backHomebuilders have pumped the brakes on new single-family home construction this year, a trend that’s likely to extend into 2023, according to several forecasts.
Solid demand, backlog of home orders favors builders in '22
Read full article: Solid demand, backlog of home orders favors builders in '22Homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the prospects for more gains in 2022, despite expectations of continued supply chain woes.
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Homebuilders climb even as housing outlook remains cloudy
Read full article: Homebuilders climb even as housing outlook remains cloudyLOS ANGELES The U.S. economy and housing market had set homebuilders up for a strong 2020. The housing market stalled in March as many would-be buyers held off on purchases. The housing market appeared set to extend a solid run-up in sales that began last fall as mortgage rates headed lower. By March, however, the economic fallout from the coronavirus pandemic knocked the housing market activity into a skid. Housing starts, another barometer for housing and builders, plunged 22.3% in March and cratered 30.2% last month, the lowest level in five years.