Most homebuilders are ‘not investable’ right now: Pros

“Uncertainty is no good for these stocks, and until we get some certainty around the taper and around mortgage rates, I think they’re just going to trade up and down and probably end up in the same place,” she said. “They’re tradable but not necessarily investable.”

For homebuilders, “the impact of rising interest rates will lead to slack demand, and that’s going to translate into slow earnings growth,” said Bob Wetenhall, managing director at RBC Capital Markets.

via Most homebuilders are ‘not investable’ right now: Pros.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.