3 Homebuilders Ready to Soar Higher in 2022 -Breaking
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Though its momentum has cooled from these heady days, there’s no doubt that the fundamentals for the homebuilding industry continue to remain strong, and recent economic data has proven the doubters wrong. New home construction numbers for November showed an 11.8% rise over last year, which was well above expectations. Similarly, the homebuilders’ confidence index has been above 80 for most of the year. It is notable that this reading is higher than in the early 90s and early 00s. These data points give confidence that the bull housing market is not in its final stages but rather in the early to mid innings. Investors should look into high-quality homebuilders such as Cavco (CVCO), Skyline Corporation(SKY), and others. Toll Brothers (NYSE:). In the early months of the pandemic as well as the beginning of 2020, the housing market saw a surge in demand due to people wanting to live outside of cities and move to suburban or rural areas. Following this initial wave, there were doubts that the housing market’s price appreciation would continue, as some anticipated an increase in inventories.
Though its momentum has cooled from these heady days, there’s no doubt that the fundamentals for the homebuilding industry continue to remain strong, and recent economic data has proven the doubters wrong. New home construction numbers for November showed an 11.8% rise over last year, which was well above expectations. Similarly, the homebuilders’ confidence index has been above 80 for most of the year. This is an increase in confidence than it was during the 1990s and early 2000s.
These data points give confidence that the housing market bull is still in its mid- to late innings, not nearing the end. Investors might consider purchasing high-quality builders like Cavco (CVCO), Skyline CorporationSKY), Toll BrothersTOL).
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