In February 2021, existing home sales dropped 7.2%.
More Americans choose to build their dream home as the market dries up.
Today’s Power Stock benefits from this surge in new home construction, and we believe it will crush the broader market by 3X in the next 12 months.
U.S. real estate is a hot seller’s market right now — creating a high-pressure nightmare for buyers.
Low interest rates brought more Americans into the housing market to compete for the dwindling supply. Bidding wars lead determined buyers to pay tens of thousands of dollars over asking or forgo inspections and appraisals … sometimes all of the above!
With all that hassle, is it any wonder that more folks are choosing to build a brand-new house with all their favorite bells and whistles?
The U.S. Census Bureau reported the number of new houses starting construction in February 2022 was 22% higher than the same time last year.
And today’s Power Stock will benefit from this trend.
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