ITB: Don't Ignore Positive Surprises In U.S. Homebuilding (Archive)
ITB: Bullish homebuilding ETF riding positive surprises in sales, rates, and rents.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- The US Homebuilding sector has consistently surprised positively on doomsday expectations.
- This could be a golden opportunity to play the US housing market theme via the ITB US Homebuilders ETF.
- Borrowing rates, new home sales data and rent inflation all paint a more constructive outlook on the pressured homebuilding sector.
- Technical analysis also suggests a bullish outlook, and I anticipate ITB to generate positive returns and also outperform the S&P 500.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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