The American housing market is bustling with activity, courtesy of significantly lower mortgage rates, which were a result of the Fed’s dovish stance. As sales of new homes rise and more building permits are issued, one can only expect this ramped-up activity to continue growing.
In such a scenario, instead of just focusing on homebuilding stocks, one could also pay attention to other stocks that are closely tied to sell your house fast jacksonville a new home. Let’s take a look.
New Home Sales Highest Since 2007
The housing market’s strength is evident in January’s new U.S. single-family home sales, which are at a 12.5-year high. This very strength could keep the U.S. economy going through the longest bull market in history amid fears of the new epidemic. Although housing accounts for nearly 3.1% of the U.S. gross domestic product, it leaves a significant impact on the economy.