Housing Market in “Gridlock,” Splitting into Haves & Have Nots
Schwab Network · Schwab Network
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Show Notes
“Homebuilders across the board don’t have equal sentiment” and it depends on size, says Katie Hubbard. Large homebuilders are optimistic while smaller ones are struggling based on the Housing Market Index data, she argues. She notes significant pent-up demand that can be “unlocked through lower rates” and highlights Warren Buffett’s recent bet on homebuilders. The types of housing being built are important, as is location, with more people moving out of the North. Generally, she calls the housing market a “gridlock.”
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