Global real estate investor Barry Sternlicht also argues the U.S. residential housing market looks like a value investment for Americans and cheaper energy costs could bolster consumer confidence, reports Matthew J. Belvedere for CNBC.
“It’s cheaper to buy a house and finance it, than it is to rent in many markets,” Sternlicht said in the CNBC article.
However, if interest rates were to shot up, the higher mortgage rates could dampen demand for new homes. [Rising Mortgage Rates Could Stifle Homebuilder ETFs’ Rally]
SPDR S&P Homebuilders ETF
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