Homebuilding stocks are up more than fourfold since mid-2017, yet the group still ranks as the sixth most attractive among >100 industries we monitor. High mortgage rates and the frozen market for existing homes may continue to benefit the builders. Still, Homebuilding stocks are now near 2.0x price/book—a threshold that coincided with prior peaks in the group’s long-term relative strength.
Sep
09
2024
Homebuilders: Are We Too Greedy?
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