Hightower's Stephanie Link expects economic growth to keep above trend in 2022. She suggests investing in companies that could benefit from pent-up demand.
11 Best Housing/Homebuilder Stocks To Buy Now
“They’re not as strong as they once were,”. MKM Partners’ Chief Market Technician, JC O’Hara said that, homebuilding stocks have been the “best charts coming out of the March 2020’s low” but now, their positive momentum is experiencing a halt as the trend turned ‘flat’ and continues to move sideways.
“If you look at the performance of a bunch of these home builders, they’re basically flat since August while the overall market’s up 10%.” said O’Hara in a CNBC interview.
However, O’Hara said that he ‘really likes’ housing stocks and he thinks that they can still continue to move up despite being in a losing trend and are not attractive from a technical perspective as of the moment.