HomeInvestingEarningsSupply Chain Improvements In The Homebuilding Sector
Supply Chain Improvements In The Homebuilding Sector

The iShares US Home Construction ETF (ITB) hit a 52-week low last week. What does that mean for the labor shortage environment? "The homebuilders are locking in people's mortgage rates. The lack of for sale and rental inventory continue to be drivers for the market," says Jay McCanless. Will home price sale appreciation slow down? Lennar (LEN) earnings report was better than expected. Wedbush has an outperform rating on the LEN stock with a $130 price target. "KB Home (KBH) entry-level buyers should benefit from relaxed mortgage lending standards," McCanless adds.

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