Sunday, July 01, 2012 8:10:53 PM
Homebuilding sector (ITB) -
John Murphy recently discussed how homebuilders has been the strongest sector so far this year, and from the 10 year chart it looks like there's a lot of upside after being demolished from 2006-2009 (see below).
Also I was amazed to see that the glut of new homes on the market has been whittled way down (see 2nd chart below) -
John Murphy recently discussed how homebuilders has been the strongest sector so far this year, and from the 10 year chart it looks like there's a lot of upside after being demolished from 2006-2009 (see below).
Also I was amazed to see that the glut of new homes on the market has been whittled way down (see 2nd chart below) -
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