Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

3 Homebuilding Stocks Wall Street Predicts Will Rally by 25% or More

Stock MarketsDec 20, 2021 03:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters 3 Homebuilding Stocks Wall Street Predicts Will Rally by 25% or More

As the COVID-19-omicron-related concerns mount, people will likely spend more time at home. And because the homebuilding industry is expected to remain in focus, homebuilding stocks PulteGroup (NYSE:PHM), Meritage Homes (NYSE:MTH), and M.D.C. Holdings (NYSE:MDC) could be solid additions to one’s watch list. Wall Street analysts expect them to rally by more than 25% in price in the coming months. So, let’s examine these names.Despite high inflation and logistical disruptions, the homebuilding industry has remained red hot over the past few months. Investors’ interest in this space is evident in the SPDR S&P Homebuilders ETF’s (XHB) 7.4% returns over the past three months versus the SPDR S&P 500 Trust ETF’s (SPY) 4.2% returns.

And according to the NAHB/Wells Fargo Housing Market Index (HMI), builder sentiment in the market for newly-built single-family homes moved one point higher to 84 in December. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development data, privately‐owned housing starts in November increased 11.8% year-over-year.

Homebuilding activities are expected to continue soaring as people spend more time at home amid new COVID-19-related restrictions and with them an extension of the work-from-home trend. Given this backdrop, Wall Street analysts expect homebuilding stocks PulteGroup, Inc. (PHM), Meritage Homes Corporation (MTH), and M.D.C. Holdings, Inc. (MDC) to rally more than 25% in price in the near term.

Continue reading on StockNews

3 Homebuilding Stocks Wall Street Predicts Will Rally by 25% or More
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
John Marty
John Marty Feb 11, 2022 6:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
interesting tidbit that speculates on the future which is compromised due to rate hikes and impending recession. Not a wise choice to pile on as seen in the cliff action in housing stocks. More weakness for months.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email