Existing home sales numbers are due in the morning and this will directly benefit this name. I think new home builders will have hard time, reason being:
1. no cheap labor
2. higher cost for building materials (China..)
Margins will hurt somewhat. Low interest rates will support more home buyers and since we're in Spring already, buying and selling should pick up. Anywho, you know what comes next. Price marked for tomorrow. Expect a Pop.
1. no cheap labor
2. higher cost for building materials (China..)
Margins will hurt somewhat. Low interest rates will support more home buyers and since we're in Spring already, buying and selling should pick up. Anywho, you know what comes next. Price marked for tomorrow. Expect a Pop.