Savvy Trades and Investments

[cliffvb]

MHO is also one of my favorites. I think we have entered a golden age for home builders. The Fed says interest rates will remain very low for 3 years or more. On top of that, Covid and unrest in the cities have made people suddenly very appreciative of moving to the suburbs in their own private homes and spaces. There is also a shortage of used homes for sale. Partly due to covid and partly because the supply of new homes has been under the needed replacement rate for 11 years now.

MDC, another builder, recently reported that new orders in July and August were up an amazing 75% yoy. Today is mostly a debbie downer day for the group as the whole market is tanking but I remain bullish.