Suprise,the Homebuilder stocks! Current stock price is a good barometer of how well a company is doing and I would have thought this group would not be at all time highs in this environment. The big boys are part of the index so that’s good news.
Since the Market is a forward discounting mechanism you’d have to think this bodes well for the future. On the other hand in looking at the financial sector right now the reverse is true. Something has to give, I just hope it can be contained to a small number of banks.
Yeah. Drop in construction costs plus the annoying lack of existing homes for sale are teeing things up nice for home builders.