US Needs 1.5 Million More Homes To Tame Record Prices
Portfolio Pulse from Hayden Buckfire
A new report from Freddie Mac highlights the need for 1.5 million more homes to balance the U.S. housing market and reduce record-high home prices. Companies involved in residential construction, such as D.R. Horton, Lennar Corp, and PulteGroup, as well as ETFs like iShares U.S. Home Construction ETF and SPDR S&P Homebuilders ETF, could benefit from increased housing supply.
June 24, 2024 | 7:01 pm
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POSITIVE IMPACT
D.R. Horton Inc could benefit from increased demand for new housing units as the U.S. aims to add 1.5 million homes to balance the market.
As a major homebuilder, D.R. Horton stands to gain from increased construction activity aimed at addressing the housing supply shortage.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
The iShares U.S. Home Construction ETF could see gains as the U.S. aims to add 1.5 million homes, benefiting the home construction sector.
The ETF tracks the home construction sector, which is expected to benefit from increased housing supply efforts.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The iShares U.S. Basic Materials ETF could see positive impacts as increased housing construction boosts demand for construction materials.
The ETF tracks materials used in construction, which will see increased demand due to the push for more housing units.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Lennar Corp is likely to see increased revenues as the U.S. pushes to add 1.5 million homes to address the housing supply shortage.
Lennar Corp, being a major player in residential construction, is well-positioned to benefit from the increased demand for new housing units.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
PulteGroup, Inc. could see a rise in demand for its residential construction services as the U.S. aims to add 1.5 million homes.
PulteGroup, as a significant homebuilder, stands to benefit from the push to increase housing supply to address the market imbalance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P Homebuilders ETF could benefit from the U.S. push to add 1.5 million homes, positively impacting the home construction sector.
The ETF tracks the homebuilders sector, which is likely to benefit from increased demand for new housing units.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70