Signs may be pointing to a potential recession, but low mortgage rates have boosted homebuilding shares, which are nearing their highest levels of the year. A composite of homebuilding stocks — known as the SPDR S&P Homebuilders ETF — is up 29 percent in 2019, far surpassing the S&P 500’s 17 percent gain, according to the Wall Street Journal. Texas-based LGI Homes, which focuses on first-time buyers, has seen its stock jump 77 percent this […]
source https://therealdeal.com/national/2019/08/22/low-mortgage-rates-boost-homebuilding-stocks-despite-recession-anxiety/#new_tab
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