Thu. Sep 24th, 2020

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The housing rebound looks like it can last last… Here’s how to invest in it

1 min read

A home for sale is seen in Santa Monica, California.

Lucy Nicholson | Reuters

Housing’s powerful rebound from the thrashing it took during the early days of the pandemic looks likely to continue so long as it doesn’t become a victim of its own success.

Home sales have formed an almost perfect V-shaped comeback after the industry was one of the hardest hit, along with retail and restaurants, when the economy went into lockdown in March.

Since those dark days, a powerful combination of historically low mortgage rates, pent-up demand — and a persistent exodus from America’s largest cities to quieter, safer and more accommodating suburbs has fueled a market surge that Wall Street experts see continuing as the economy recovers.

If so, it will be a recovery investors can get behind, with housing-related plays poised to take leadership from a technology sector that suddenly looks overvalued and tired. Investors are eyeing homebuilders, home-improvement retailers and even so-called leisure communities as ways to play the trend.




2020-09-14 10:31:00


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