“I’d be buying the homebuilders,” Golub told Bloomberg.
Evercore ISI’s Stephen Kim, though, is waiting for a clearer sign in the trends. Nevertheless, a broader view of the market would show that consumers are hesitant and should “return to the ring before too long.”
“Strength in housing may be one of the supports that pushes out the broader cycle a little bit longer than many may potentially be expecting,” she said. “I still see 2020 as a very difficult year for U.S. growth and therefore U.S. markets, but if we were to see the housing market re-accelerate and if we see a fiscal package, those are two potential game changers.”
For more information on the housing market, visit our homebuilders category.