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4 Undervalued Housing-Related Picks

Brian Bernard, CFA, CPA (brian.bernard@morningstar.com)

The housing market slowed considerably during the second half of 2018 as persistently rising home prices and a sharp spike in mortgage rates pushed homeownership out of reach for more Americans. While that weakness persisted into the first quarter of 2019, there are signs that a rebound is looming amid a decline in mortgage rates and moderating home prices. As such, we expect total starts to grow modestly in 2019 to 1.255 million housing units.