Real Estate Trend Update: Builders Stocks Surprise Rise
The real estate market is still pretty much in the tank but something is changing, or something is wrong? Housing and Large Builder stocks, considered “dead” at end of last year have come alive and seem to be gaining incredible momentum.
According to a USA Today article this week 3 of the best 5 gainers in the S&P 500 this year are home builders:
Pulte at #1 – up 51%
DR Horton at #3 – up 30%
KB Homes at #5 – up 25%
This movement has defied bad news and is only a short-term recovery off depressed levels say some while others feel that it is the first signs of a pick up in the housing market.
What are your thoughts?
Loading ...
I am not surprised. I have a family member building a KB home and they have offered wonderful incentives and has been a great experience so far. The cost savings with recent interest rate cuts and a great 10 year warranty offers home buyers a little more than buying a foreclosure that needs work and is 10-20 years old.
These are some big name builders and not surprised they found a way to survive thru this housing bubble. I see the NAHB is requesting a tax break for those who buy homes this year to assist builders and homebuyers. Wow another great reason to buy a new home low interest rates, builders cut prices, tax breaks pending.!
I agree somewhat with the post above in that all the incentives and price reductions have given the builders a little boost. The real question is, will they be able to sustain this growth?
Leave your response!
Authors
Categories
Tags
Add new tag advertising business Business Planning change management client management contact management software crm software expired real estate leads facebook house prices housing bubble information interviews luxury marketing luxury real estate Luxury Real Estate Agent Personal Branding luxury real estate marketing Luxury Real Estate Marketing Essentials luxury real estate marketing tips Marketing michael krisa that interview guy micro-blogging personal branding for real estate agents real estate real estate agent personal branding Real Estate Agents Branding Company Real Estate Agents Personal Branding Company real estate brokers Real Estate Coaching Real Estate Marketing real estate news real estate personal branding Real Estate Sales Real Estate Support Services Real Estate Trends Real Estate Virtual Assistant social media social networks swanepoel trends report Trends trends report twitter Video videosRecent Posts
Most Commented
Most Viewed