Buy These 4 Mutual Funds to Tap the Booming US Housing Space
Zacks Investment Research | Nov 19, 2020 10:46PM ET
Even as the coronavirus pandemic wreaks havoc on the different sectors of the US economy, the housing market has emerged as an exception so far. Despite the slump in the initial months of the pandemic (April-May), homebuilders are seeing strong demand for single-family homes as more and more people prefer to shift to the low density suburbs. In fact, several economic data reflected the health of the housing market, which is well-supported by the record low mortgage rate.
Under such circumstances, investing in mutual funds with significant exposure to homebuilding companies seems prudent.
Housing Starts Spike in October/h3
On Nov 18, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development Zacks Investment Research
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