{"id":67248,"date":"2024-02-05T09:03:50","date_gmt":"2024-02-05T17:03:50","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=67248"},"modified":"2024-02-05T11:41:45","modified_gmt":"2024-02-05T19:41:45","slug":"has-builder-seasonal-trade-topped-out-housing-market-review","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/02\/05\/has-builder-seasonal-trade-topped-out-housing-market-review\/","title":{"rendered":"Has the Builder Seasonal Trade Topped Out? – Housing Market Review"},"content":{"rendered":"\n

Housing Market Intro and Summary<\/strong><\/h2>\n\n\n\n

In recent months, the housing market experienced several impacts from declining mortgage rates. An accelerating improvement in consumer and builder sentiment point the path toward a strong spring selling season despite on-going issues of affordability and inventory availability (in the existing home market). While housing starts pulled back from November’s breakout, a strong increase in permits further supported future gains in housing starts. New home sales and existing home sales are trending down from recent peaks and were down overall for 2023. Thus, 2024 holds out the prospect of upside given the building tailwinds in the market.<\/p>\n\n\n\n

Yet, a strong rally in the stocks of home builders<\/a> may have hurriedly priced in most of the coming good news. This latest earnings season for home builders has even delivered some key disappointments. Accordingly, I think the seasonal trade for home builders<\/a> has already topped out. (Not to mention, I am currently bearish on the stock market as a whole<\/a>).<\/p>\n\n\n\n