Accessory Dwelling Units

What Happened to the Housing Market – Stocks Topping and Sales Headwinds

A topping pattern for the iShares US Home Construction ETF (ITB) includes the reversal of gains for the year and a breakdown below support at the 50-day moving average (DMA) (the red line).

Housing Market Intro and Summary What happened in the housing market in April, 2024? After four months of growing more positive, home builders proceeded into the spring selling season thanks to drag from the South. In my previous Housing Market Review, I pointed out a positive start to the spring selling season. April painted a … Read more

All-Time Highs Race Ahead of the Data – Housing Market Review

All-Time Highs Race Ahead of the Data

Housing Market Intro and Summary The October housing data showed some further softening, including a revision of the new home sales data that erased a breakout. Yet, November was a blockbuster month for launching the seasonal strength in the stocks of home builders. Many of these stocks hit all-time highs in a race ahead of … Read more