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    Bullish On Homebuilders, But Is Housing Supply Gap Unlikely To Close Soon?

    Bullish On Homebuilders, But Is Housing Supply Gap Unlikely To Close Soon?

    FromSchwab Network

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    Bullish On Homebuilders, But Is Housing Supply Gap Unlikely To Close Soon?

    FromSchwab Network

    ratings:
    Length:
    7 minutes
    Released:
    Jul 20, 2022
    Format:
    Podcast episode

    Description

    "Many prospective buyers are priced our by highest mortgage rates since 2008. Homebuilders are more keen on multifamily rental construction. Existing home sale prices rose 13.4% to $416K. Rates and commodity prices mean that the housing supply gap is unlikely to close soon," says George Ratiu. "The homebuilders outlook is conservatively positioned in June compared to the consensus. Rates, seasonality, and lack of inventory slowed demand for new housing. Names like D.R. Horton (DHI) and Tri Pointe Homes (TPH) remain undervalued. My long-term bull case is intact for homebuilders," Jay McCanless adds.
    Released:
    Jul 20, 2022
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.