Worried About Housing

Housing Related Starts Look Precarious

I’m becoming increasingly concerned that the impact of elevated mortgage rates are beginning to creep into housing related names.

XHB 0.00%↑ is more equally weighted, containing the largest publicly traded homebuilders and building materials related companies.

ITB 0.00%↑ is more heavily weighted to the actual builders.

Will take a look at components over the weekend, and share any interesting charts. Wanted to get this out, as these charts have been on my mind this week.