While the NYSE Composite Index growth has been experiencing barriers since last July, home building is about to prosper and grow, The Fiscal Times reports.
The iShares Dow Jones U.S. Home Construction ETF posted a 7.5-year high as springtime saw a new wave of high sentiment in that sector.
“This new upward excursion for the industry group breaks a funk going back to 2013, which coincides with a slowdown in the pace of home price gains according to the S&P/Case-Shiller Home Price Index,” The Fiscal Times reports.
Analysts attribute this optimism to a the growing household formation rate, as well as from mortgage lenders who are eager to increase activity.
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