Savvy Trades and Investments

[cliffvb]

Homebuilders have been the the strongest part of my portfolio. Besides BZH; CCS, MTH, MHO and MDC have also provided big beats and strong guidance this week. Counterintuitive, but the Fed actually did them a favor by jacking up interest rates over the last year. People who locked in those 3-4% mortgage rates aren't selling so people who want to buy have little choice but to buy new construction. The economy has also cooled off enough to reduce supply chain headaches and even reduce component costs of lumber. Prices have also remained firm. Some areas are even starting to raise prices again.