Can Housing Stocks Keep Climbing?

by Options Sensei |

S&P 1500 Homebuilder group at a new 52-week closing high as of last Friday

After a very weak second half of 2018 due to rising mortgage rates, the S&P 1500 Homebuilder group has rallied 35% in 2019 to a new 52-week closing high as of last Friday.  But, recent data suggests that fundamentals don’t warrant continued gains.

(Want free training resources? Check our our training section for videos and tips!)

New home sales for May at 626,000 which was 7.8% below expectations

This morning, new home sales for May came in at 626,000 which was 7.8% below expectations and April numbers were also revised downward.

This is a huge… Continue reading at StockNews.com

The post Can Housing Stocks Keep Climbing? appeared first on Option Sensei.

(Want free training resources? Check our our training section for videos and tips!)