Since the US equity market bottomed on March 23, shares of U.S. homebuilder companies have enjoyed a spectacular 50% rally, beating the S&P 500’s gain of 30% during the same period. MRP believes homebuilder will continue to outperform due to 7 factors that have emerged as tailwinds. As such, we are re-affirming our Long US Homebuilders theme.
Related ETF: iShares U.S. Home Construction ETF (ITB)
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