New home sales plummet 14.5% in March

New home sales plummet 14.5% in March

Spring buying season off with a whimper

HUD’s Donovan: This is the worst rental crisis in this nation, ever

Says administration is very pleased with Johnson-Crapo

WFC can't keep alleged bogus foreclosure manual out of court

U.S. judge allows discovery on Tirelli's smoking gun
W S
The Ticker

Despite positives, homebuilder shares fail to impress

construction of new home
/ Print / Reprints /
| Share More
/ Text Size+

Prolonged tapering equals good news for lenders, but there are also beneficial factors for homebuilders, from rising prices to increasingly compelling demographics. The Wall Street Journal has more:

The problem is that these appear to have been priced in well before the prospect of less Fed bond buying and rising interest rates appeared. Despite headline after headline about rising home prices and even bidding wars, not a single major homebuilder has outperformed the broad market so far this year.

Barring a much more substantial rise in mortgage rates, the underlying impetus for the housing recovery remains intact. Construction and home sales probably have a long runway ahead of them—just don't bet the house on it.

Source: WSJ
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus