Housing Stocks are Topping

The housing market is finally topping. High prices and high rates could coexist for only so long. Residential construction stocks are breaking down from tops and in most cases, are trading below down-sloping moving averages. Support companies, such as HD and LOW are heading south. Most building supplier stocks are trending down. And the net of all this means the ETFs have topped. Here are the stocks, grouped by category.

Residential Construction

Home Depot & Lowes

Building Materials

ETFs

Leave a Reply