Rate Cut to Aid Real Estate: 4 Homebuilder Stocks With Room to Grow
PulteGroup(PHM) ZACKS·2024-09-21 03:01
The U.S. housing market is trying to bounce back after a difficult 2023 and the first half of this year. Homebuilder confidence rebounded in September after hitting a low in the past four months. Also, housing starts and building permits rebounded, bringing a glimmer of hope to the housing sector.The Federal Reserve’s rate cut is going to help the sector in the near term as mortgage rates are likely to decline further. It would thus be prudent to invest in homebuilding stocks. We have narrowed our search to ...