The March Up Is OnTwo articles in today's G&M are providing some fuel for DBM share prices to rise. First, Gary Christe's article "Homebuilding Stocks That will Benefit From Lower Interest Rates" states that in August, US housing starts jumped 9.6%, well above the 3.2% forecast, marking their highest level since March 2020.
Second, "Housing Starts Up In Six Largest Cities But Construction Still Not Closing Supply Gap" by Sammy Hudes, states that the Canadian Mortgaghe and Housing Corp. said a total of 68,639 units began construction the second strongest figures since 1990.
This share price isn't going to sit around waiting as more rate cuts by the Fed and the Bank of Canada are going to continue.and we have supply shortage.