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Stock impact report

The 3-year bear market in home sales is finally over, research firm says. Here's how to invest for a rebound. [Yahoo! Finance]

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Company Research Source: Yahoo! Finance
Affordability issues, driven by high mortgage rates, drove the 3-year decline in home sales activity. Investors could take advantage of the setup by buying the iShares U.S. Home Construction ETF, NDR said. The bear market in US home sales is finally over, according to a recent note from Ned Davis Research. The firm highlighted that total single-family home sales finally turned positive year-over-year after 39 months of consecutive declines. The 39-month decline in home sales was only outdone by the 43-month decline during the housing bubble from 2005 through 2009. "But the recent affordability-driven pandemic bear could not be more different than the credit-driven housing bubble bear," Pat Tschosik, a strategist at Ned Davis Research, said. The main difference between the two notable declines in home sales is affordability. Whereas the affordability index rose 53 points from 2005 through 2009, it plunged 39 points from 2021 through 2024, driven by high mortgage rates an Show less Read more
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