Building momentum: Homebuilder sector primed for breakout

Key PointsThe homebuilder sector surged in previous months due to the Federal Reserve's optimism for interest rate cuts in 2024.Demand for new homes rises amid a shortage of inventory in the resale market, with Lennar projecting a 10% increase in home deliveries for 2024.The sector's ETF shows a bullish consolidation pattern near its 52-week high, hinting at a potential breakout.5 stocks we like better than PulteGroupThe homebuilder sector in the United States has been on fire over the previous year, mainly ...