We have big news today and generally it's going to be pretty busy again. In the meantime, I'm wondering, what about you and the housing market?
About two months ago Paul posted info here regarding $BRK-B'+2.0% s purchases and albeit smaller amounts, but the inclusion of $LEN-2.5% and $DHI-2.9% in their portfolio. These two companies are in the US building, building and selling new homes + $LEN-2.5% and its financing. I'll add charts and the Bulios finder for more info on the companies.
According to reports, we know that builder sentiment is down, with popular 30-year mortgages holding around 7% for two months. Young people are almost out of this market because they are not able to reach a mortgage. Moreover, high interest rates are also making higher financing materials harder for builders.
Therefore, prices are dropping and slowly reaching $100 for these two companies. I'm wondering if anyone is watching this and possibly at the sign of a Fed pivot (which I don't think will happen just yet) would you consider buying? For me personally, the price could still go lower, I would like it from about $90. 😊
I've been watching Horton for a while, but I prefer to reit
This is the first time I've seen these companies, this sector is completely out of my sight, but maybe one day I'll wade into these waters... :)
I haven't gotten into this sector yet, but I am very interested in this sector and want to find out more about it and then possibly include some stocks from this sector in my portfolio. The stocks mentioned look interesting, so I will take a closer look at them. Thanks for the tips :)