U.S. Housing Starts & Permits Surge in February: 5 Top Picks
Armstrong World Industries(AWI) Zacks Investment Research·2024-03-20 16:56
The month of February saw blistering growth in U.S. housing amid concerns surrounding rising raw material prices.U.S. home construction surged in February, marking a significant rebound from weather-related setbacks seen earlier in the year. This resurgence is particularly beneficial for homebuilding companies, driven by factors comprising slightly more favorable mortgage rates and a shortage of existing houses for sale.Despite challenges posed by higher mortgage rates, builders are adapting by implementing ...