In the News

Title

Homebuilding Stocks, Funds Are In Play

Document Type

Article

Publication Date

8-11-2017

Abstract

June U.S. home sales rose by 0.8 percent in June, and home values have rocketed upward by 7 percent on a year-to-year basis, according to data from Zillow.com, continuing to propel homebuilder stocks and funds upward.

The National Association of Home Builders is bullish on the U.S. housing market, citing a lower mortgage interest rate environment, a more robust jobs climate and stronger consumer sentiment, but with a few caveats.