Demand, backlog of home orders favors builders in ’22

Demand, backlog of home orders favors builders in ’22

By Alex Veiga | The Associated Press
U.S. homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the prospects for more gains in 2022, despite expectations of continued supply chain woes.
The SPDR S&P Homebuilders exchange-traded fund is up 45% this year. Two of the biggest builders by homes sold, D.R. Horton and Lennar, are up about 52% and 46%, respectively.…

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