Small- and mid-sized homebuilders didn’t quite meet expectations in May
Housing Wire
JUNE 23, 2023
Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. On Monday, homebuilder confidence moved into positive territory for the first time in nearly a year, while Census data on new residential construction showed housing starts rose 21.7% from April, and up 5.7% from May 2022, to 1.63 million.
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