6 Housing Stocks Undervalued Right Now
Rising mortgage rates have sent housing-related stocks tumbling.
The sharp rise in bond market yields is spilling over to one of the most rate-sensitive corners of the equities market: housing stocks.
As rates jumped in recent weeks, housing stocks have taken a big hit. The SPDR S&P Homebuilders ETF has fallen 22.7% this year as climbing mortgage rates have raised concerns about demand for housing and related products.
Jakir Hossain does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.