is there any chance homebuilder stocks get any sort of bounce or are they just a leading indicator of the coming recession? US indices finally breaking down.. :(
priceaction357
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@Gutshot, they are a good indicator as they make up 25% of the US economy. There is no current data that would indicate a bounce. Home loan interest rates continue to rise which are now starting to depress home prices.
Perhaps when prices sufficient depress, building may pickup again.