{"id":26395,"date":"2023-06-23T05:34:44","date_gmt":"2023-06-23T09:34:44","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/why-are-housing-stocks-outperforming\/"},"modified":"2023-06-23T05:34:45","modified_gmt":"2023-06-23T09:34:45","slug":"why-are-housing-stocks-outperforming","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26395","title":{"rendered":"Why Are Housing Stocks Outperforming?"},"content":{"rendered":"
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Our theme of Housing Stocks<\/strong>,<\/strong> which includes the stocks of home builders, building products companies, and home improvement players, has fared well thus far in 2023, rising by about 38% year-to-date. This compares to the S&P 500 which remains up by about 14% over the same period. While rising interest rates and inflation impacted the housing sector in 2022, there are signs that the worst may be behind the market.<\/p>\n

Inflation and supply chain challenges are also easing for the housing sector, helping input costs and prices. Retail inflation in the U.S. rose at just 4% for May, marking the lowest increase seen in about two years. The interest rate environment is also a bit more conducive. The Fed held interest rates stable during its most recent meeting and the average 30-year fixed rate mortgage in the U.S. stands at about 6.6% presently, down from November 2022 highs of about 7.1%. This could make financing new homes a bit cheaper.<\/p>\n

The total number of new homes sold for the month of April stood at 683,000 units, up 11.8% versus last year\u2019s number. Prices have also cooled a bit, with the median price of homes standing at $420,800 for the month, compared to about $458,200 in the year-ago quarter. Builders are also doubling down on new construction. For the month of May, groundbreaking on new single-family homes in the U.S. stood at a seasonally adjusted annual rate of 1.631 million units compared to 1.34 million for April.<\/p>\n

There also remains a fundamental undersupply of homes, with a wide range of estimates projecting that the country may be short of anywhere between 1.5 million to 5 million homes. [<\/sup>1<\/sup>]<\/sup> This might indicate that housing players may still have solid demand visibility, with volumes and revenues likely to hold up.<\/p>\n

<\/fbs-ad><\/p>\n

Within our theme Pulte Group stock has been one of the strongest performers, rising by about 64% year-to-date. On the other side, HomeDepot has been the worst performer, with its stock down by about 5% year-to-date.<\/p>\n

What if you\u2019re looking for a more balanced portfolio instead? Here\u2019s a high-quality portfolio<\/strong> that\u2019s beaten the market consistently since 2016.<\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Our theme of Housing Stocks, which includes the stocks of home builders, building products companies, and home improvement players, has fared well thus far in 2023, rising by about 38% year-to-date. This compares to the S&P 500 which remains up by about 14% over the same period. While rising interest rates and inflation impacted the […]<\/p>\n","protected":false},"author":1,"featured_media":26396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-26395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nWhy Are Housing Stocks Outperforming? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Our theme of Housing Stocks, which includes the stocks of home builders, building products companies, and home improvement players, has fared well thus\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=26395\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Are Housing Stocks Outperforming? 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