Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Housing analyst Christian Drake. Click here to learn more about the Early Look.
Now, quick, without looking: Is housing having a better or worse year than the S&P500?
Not sure? No worries, it’s only a $27.4 Trillion asset class and largest singular source of net wealth for most households. Trivial!
Collectively, the team (S15 Homebuilder Composite Index) is batting +72.7% YTD. Here’s quick look at the top of the lineup:
- Leadoff: PHM = +83% YTD
- 2nd: DHI = +86% YTD
- 3rd: KBH = +96% YTD
- Cleanup: NVR = +105%
That’s a rare, relative performance 4-bagger and probably one of the most stealth banner years in recent memory.
And the fundamental data accords. For the heat-map enthusiasts and Fenway Faithful, you can see the rise of the #GreenMonster below in the Chart of the Day.
