A New Housing Boom? You Bet.
The news continues to improve for housing. According to the National Association of Realtors, sales of existing homes climbed 7.8% in August. On a year-over-year basis, sales have improved for 14 consecutive months, and the median price of an existing home climbed 9.5% from a year ago. With interest rates at historical lows and significant pent-up demand for homes from long-time renters, this positive trend could continue for some time, particularly if the employment situation in the U.S. takes a serious turn for the better.
With the real estate market enjoying a resurgence, Matt and Paul discuss a few stocks investors may want to consider to take advantage of the potential new boom in housing. Watch the video below to get the stocks and their insights.
The article A New Housing Boom? You Bet. originally appeared on Fool.com.Matthew Argersinger has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend The Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.