U.S. stocks are fluctuating | The housing construction sector leads in gains, with existing home sales in October experiencing the first year-on-year increase in more than three years.
D.R. Horton and Toll Brothers rose over 6%, while Beazer Homes USA, PulteGroup, and Lennar Corp increased more than 5%. According to the National Association of Realtors (NAR) data, the annualized total sales of existing homes in the USA in October amounted to 3.96 million units, which was expected to be 3.95 million units, compared to the previous value of 3.84 million units.
JP Morgan Downgrades Smith Douglas Homes to Neutral, Lowers Price Target to $36
Smith Douglas Homes Analyst Ratings
With the arrival of Trump 2.0, where will the usa real estate market head?
Jonathan Warren, UBS Group's Chief Investment Officer and stock strategist, stated that the direction and level of interest rates, as well as the power of the Republican legislative agenda, will determine the real estate landscape under President Trump's second term in office.
U.S. Election's Ramifications on the Real Estate Sector
Existing-Home Sales Log First Annual Gain Since July 2021