SIGN OF HOW NUTTY THIS MARKET HAS BECOME
SIGN OF HOW NUTTY THIS MARKET HAS BECOME
Consider the following developments in the U.S. housing market: The homebuilders’ index is down 20% from last September; housing starts back to June 2009 levels; new home sales at a record low … however, the homebuilding stocks are up 23% year-to-date and have outperformed the market by 1,700bps.