Greenbriar Sustainable Living Inc V.GRB

House-builder stocks doing well

[mikebush]

A commentator on the business channel pointed out that Housing stocks are doing quite well.  PulteGroup is at a 52-week high.  The reasons he stated: 
- young couples make up a large proportion of the population and are still wanting to set up new households. 
- rents have soared so buying a house makes economic sense by comparison even with the higher-interest mortgage rates.
- resale of older homes is low because those owners don't want to move and lose their existing low-interest mortgages.
- some house-builders are offering sweeteners.

[navajojoe]

This post has been removed in accordance with Community Policy

[Hubbie87]

It wasn't Mike's argument, was it? An industry can be doing very well AND offer incentives at the same time, right? Happens all the time. 

[PartlyCloudy]

There was an Odd Lots podcast a month or so ago (Bloomberg podcast) where they interviewed a guy with a company that gets housing developments set up to sell to builders. They get all the permits, set up the layout and amenities. All the stuff Jeff is doing. And their business has recovered quite well of late. It's a good listen. Don't get me wrong, so far GRB has demonstrated a remarkable