Homebuilders still expect strong demand for new homes as low unemployment and steady economic growth support Americans’ buying power. Of course, finding buildable lots has been a major challenge in the industry in recent times, which could limit their ability to meet demand. That said, homebuilders are currently well placed, belonging to a top-ranked Zacks Industry ( top 14% ), suggesting that the market headwinds were unable to take the sheen away from the sector.
Source: Nasdaq