Housing stocks didn’t get the boost they were supposed to when the Federal Reserve cut interest rates this year. A delayed bounce may be coming soon, Paul R. La Monica writes in this week’s edition of Barron’s. The housing sector needs all the help it can get. Home sales have been sluggish for the better part of two years due to affordability concerns. There are some nascent signs of a turnaround, though. Pending home sales rose in October, the third consecutive month of increases. And existing home sales were up in October as well, the first year-over-year gain since July 2021, the author notes. Publicly trading companies in the space include Lennar (LEN), Champion Homes (SKY), Toll Brothers (TOL), Home Depot (HD), and Sherwin-Williams (SHW).
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