Yellen Says Biden Wants To Make Sure Housing Is Affordable For First Time Buyers; Says 1President Is Focused On Housing Supply
Portfolio Pulse from Benzinga Newsdesk
In an MSNBC interview, Yellen stated that President Biden is committed to ensuring housing affordability for first-time buyers, focusing on increasing the housing supply.
March 08, 2024 | 2:45 pm
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POSITIVE IMPACT
The focus on housing affordability and supply by the Biden administration could influence sectors within the SPY ETF, particularly construction and real estate.
The SPY ETF includes companies from the construction and real estate sectors. An increase in housing supply, as mentioned by Yellen, could lead to positive growth in these sectors due to higher demand for construction and real estate services, potentially driving up the ETF's value in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60