The financial markets are currently flashing a near 100% probability of a Federal Reserve interest rate cut at the upcoming October 28-29 Federal Open Market Committee (FOMC) meeting. This overwhelming market conviction, largely driven by a softening labor market, the Fed's recent pivot towards an easing monetary policy, and persistent,
August jobs data disappointed, but a Fed rate cut could revive housing demand. Here's how homebuilder ETFs could continue to rally as borrowing costs fall.
TopBuild Corp. (NYSE: BLD) to acquire Progressive Roofing for $810 million in cash, expanding into commercial roofing and non-cyclical construction market.
The Home Depot Inc. is acquiring GMS Inc. for $4.3B, expanding its reach in the pro contractor space and adding to its capabilities and service offerings.
At the current sales pace, the market reflected 8.1 months of supply in April, down from 9.1 months in March, but still higher than the 7.7-month supply level recorded a year earlier.
Capstone Holding Corp. expects to reach $100 million revenue and $10 million EBITDA by 2025 through organic growth and acquisitions, with a focus on favorable deal valuations and minimizing dilution. They have secured a flexible equity line of credit and are pursuing both tuck-ins and new platforms to quickly scale amid high housing demand. CAPS shares surged 82.53% premarket on Friday.
US housing market rebounded in Feb, but homebuilder ETFs have had a rough year. Lower rates and building costs, but also tariffs and labor shortages. Invest with risk tolerance in mind.
