Homebuilder stocks need stable rates, improved consumer confidence, says UBS' John Lovallo
CNBC Televisionยท2025-08-22 21:32
The home construction ETF, the ITB, is having its best day since July 22nd. Our next guest says the rally is long overdue. Let's bring in UBS home builders analyst John Lvalo.John, why is it overdue. Hey, Morgan, thanks so much for having me. Interestingly, this is sort of the next leg of a rally that began at the beginning of earning season, and it's something that we had highlighted in our preview note, and we our preview note was titled bear trap.And really what we were suggesting is that investor sentim ...