Buyers Are Backing Away, and Homebuilder ETFs Are Next in Line
U.S. housing demand is showing fresh signs of strain as elevated borrowing costs continue to squeeze buyers, potentially putting homebuilder and housing-related ETFs under pressure.New-home sales plunged 10.5% month over month in July to a seasonally adjusted annual rate of 607,000, sharply missing…
U.S. housing demand is showing fresh signs of strain as elevated borrowing costs continue to squeeze buyers, potentially putting homebuilder and housing-related ETFs under pressure.New-home sales plunged 10.5% month over month in July to a seasonally adjusted annual rate of 607,000, sharply missing…
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