Strong Homebuilder Performance In November Hints At 2024 Tailwind For 'Plow-Horse Economy' - D.R. Horton (NYSE:DHI), Lennar (NYSE:LEN)
Construction could be a major tailwind to economic growth in 2024 if demand for new homes remains robust.
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Construction could be a major tailwind to economic growth in 2024 if demand for new homes remains robust.
Home construction jumped 15% in November to its highest level since May as builders brushed off high interest rates to meet continued demand for new housing.
LPL Research projects a shallow recession for US economy in 2024, but suggests that equity investments should still be in play.,The Fed's rate-hiking campaign in 2022-2023 has not created as much disruption as expected.,S&P 500 expected to reach 4,900-5,000 by end of 2024..
MARKET WRAPS Watch For: Germany foreign trade; no major corporate trading updates expected Opening Call: Stock futures were mixed at the start of the week mirroring Asian stock...
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after ending last Friday's trading mostly higher.