Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Daniela Pylypczak-Wasylyszyn Jun 16, 2015
U.S. equity markets had a lackluster start this morning as investors turned their attention to the Fed’s two-day meeting and ongoing Greece bailout talks.
But while these major economic events have been taking over headlines, many might have missed a key report yesterday: the NAHB Builder Sentiment.
Yesterday, U.S. home builder confidence for June was reported at 59 – 5 points above expectations and the highest reading in nine months. The report showed higher confidence levels across all regions in the U.S., particularly in the Midwest.
Earlier this month, construction spending rose 2.2% month-over-month. Just this morning, building permits were reported at 1.28 million, above the 1.11 million prediction. Housing starts, however, came in below estimates at 1.04 million.
Low interest rates, combined with relatively better economic conditions, have pushed the housing market higher – albeit slowly – in recent years. Home prices have also risen, particularly in urban areas where job growth has picked up more rapidly than in rural areas. A main concern for investors, however, has been that home prices may continue to rise out of step with buyers’ incomes, which have not seen the same impressive growth in recent years.
While the home building industry may see some bumps in the road up ahead, particularly when interest rates rise, we’d like to take the time to highlight some of the key Dividend.com sectors and dividend-paying stocks in this corner of the market:
As always, before making any investment decisions be sure to do your homework, dig down deep into the fundamentals to see whether or not any of these picks are right for you.
Be sure to follow us on Twitter @Dividenddotcom.