in the popular institutional homebuilder's ITB in 2018.
Investors has rightly predicted that the rising interest cycle
with the added cost of financing debt, and the aging US population
would begin to slow demand for purchase of new single family homes in the United States.
But a with every correction, some see opportunity still ahead,
reasoning that the long term cycle of demand for housing
is not in the 9th inning yet.
Monthly chart on ITB shows price has gotten down to near long term major support near 32,
and may even show the makings of a Pattern, forming on the chart.
So it will pay to watch real estate very closely in 2019.
It will give a strong clue, as to the underlying strength of the US.economy,
and with it,the added illumination of perhaps knowing in advance,
the future direction of the US stock market.