Homebuilders Are in A Sweet Spot
- By John Tierney
- 5 min read
The latest housing data was a source of both relief and worry. The relief is because slowing home sales perhaps indicate the US is not headed for another toxic housing boom. And the worry is because soaring home prices will feed into inflation.
Housing is a microcosm of the many imbalances in the economy as it struggles to return to normal, but underlying fundamentals are quite robust. If there are clear winners here, they are probably baby boomers and homebuilders.
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