We recently published 10 Trending Stocks This Week. DR Horton Inc is one of the trending stocks this week.
Stephanie Link, Hightower Advisors’ chief investment strategist and portfolio manager, said in a recent program on CNBC that she expects a bullish housing cycle amid declining interest rates and a shortage of homes in the US. According to CNBC, DR Horton Inc is one of the housing stocks Link has in her portfolio.
“We haven’t had a housing cycle. That’s the other interesting thing, Andrew. We haven’t had a housing cycle and we’re still growing 3.8%. Can you imagine when we do? Because housing there’s a multiplier effect. If you have a house, you have to furnish the house inside. Outside. You have to have a car to get from outside to wherever you’re going to go. So there is so we’re rooting for housing. And I think if interest rates continue to come down, I think you will get a housing cycle because we are short homes in this country.”
Photo by Breno Assis on Unsplash
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This article is originally published at Insider Monkey.
