Shorting Homebuilders ETF
Updated
If you look at the Building Permits Leading Indicator, new permits have been decreasing since January 2022. Housing Starts will confirm the same... New Home Sales have decreased since 2020... Building Permits usually lead Housing Completion by 8-16 months...
Additionally Interest Rates have nearly peaked, this will also slow down Developer Sentiment and Home Buyer Demand.
XHB
Additionally Interest Rates have nearly peaked, this will also slow down Developer Sentiment and Home Buyer Demand.
XHB Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.