Looking ahead, Robert Dietz, an economist with the National Association of Home Builders, is looking for improved jobs and income growth so that consumers can scrap together enough cash for a down payment.
“First-time home buyers remain one of the ingredients that could add more energy to the market,” Dietz said in the article. “To get those first-time buyers we need to see jobs and income growth.” [Stagnant Wage Growth Hurts Homebuilder ETFs]
SPDR S&P Homebuilders ETF
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Max Chen contributed to this article.