Homebuilder earnings begin in earnest this week
The homebuilding sector is entering earnings season with high expectations. The National Association of Homebuilder Sentiment Index has hit post-bubble highs, and the builders with November fiscal years have reported blockbuster earnings. This piece will help you focus on what’s important.
As you can see from the above chart of the S&P Homebuilder ETF (XHB), the homebuilding sector has had a huge run. But will it continue?
During this earnings season, the question that’s on everyone’s mind is how has the backup in rates affected housing demand?
This series includes the following parts to help you answer this question.
We’ll start with revenues in How to think about upcoming homebuilder earnings (Part 2).
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