Revival in Homebuilders' Market: A Boon for ETFs and Stocks?
@ETF Tracker:
A resurgence of optimism has been seen in the homebuilder's market, with builder confidence reaching positive territory for the first time in almost a year, as per the National Association of Home Builders (NAHB)/Wells Fargo housing market index update.From 50 in May, the index rose to 55 in June, marking a continuous half-year increase in builder sentiment. Several factors contribute to this positive trend, including increased foot traffic from potential homebuyers, a less-hawkish Fed, minimal competition from the resale market, and an improved supply chain.Notably, most homebuilding stocks like $PulteGroup(PHM)$ , $Toll Brothers(TOL)$ , $M/I Homes(MHO)$ and