Business & Investment

3 Homebuilding Stock Wall Street Forecast Raises More Than 25% By Stock News

© Reuters 3 Housing Construction Co., Ltd. Wall Street forecast rises by more than 25%

COVID-19-As concerns about Omicron grow, people will spend more time at home. In addition, the homebuilding industry is expected to continue to attract attention, ensuring that homebuilding stocks PulteGroup (NYSE :), Meritage Homes (NYSE :), and MDC Holdings (NYSE :) are added to the watchlist. There is sex. Wall Street analysts expect prices to rise by more than 25% in the coming months. Now let’s look up these names. Despite high inflation and logistics turmoil, the housing construction industry has remained bright red for the past few months. Investor interest in this area is evident in the 4.2% return on the SPDR S & P 500 Trust ETF (SPY), compared to the 7.4% return on the SPDR S & P Homebuilders ETF (XHB) over the past three months.

Also, according to the NAHB / Wells Fargo Housing Market Index (HMI), builder sentiment in the new single-family home market rose 1 point in December to 84. According to data from the US Census Bureau and the US Department of Housing and Urban Development, privately owned housing starts in November increased by 11.8% year-on-year.

Homebuilding activity is expected to continue to surge as people spend more time at home within the new COVID-19 related restrictions and the tendency to work from home grows accordingly. Against this background, Wall Street analysts are PulteGroup, Inc., a housing construction stock. (PHM), Meritage Homes Corporation (MTH), and MDC Holdings, Inc. We expect the price of (MDC) to rise by more than 25% in the short term.

Read more on StockNews

Disclaimer: Fusion media We inform you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are provided by the market maker, not the exchange, so prices may not be accurate and may differ from actual market prices. In other words, price is an indicator and is not suitable for trading purposes. Therefore, Fusion Media is not responsible for any transactional losses that may occur as a result of using this data.

Fusion media Alternatively, anyone involved with Fusion Media will not be liable for any loss or damage resulting from reliance on the data, quotes, charts, trading signals and other information contained on this website. Be fully informed about the risks and costs associated with financial market transactions. This is one of the most risky forms of investment possible.

3 Homebuilding Stock Wall Street Forecast Raises More Than 25% By Stock News 3 Homebuilding Stock Wall Street Forecast Raises More Than 25% By Stock News

Back to top button