Housing correlations - building, existing, selling.
Simple chart to look at the relation between hew home builds, a broad housing ETF and a mortgage lender.
It demonstrates that they all have a strong correlation and that mortgage company performance is a leading indicator of housing market performance and that new build housing stocks are a leading indicator for the housing market in general.
It demonstrates that they all have a strong correlation and that mortgage company performance is a leading indicator of housing market performance and that new build housing stocks are a leading indicator for the housing market in general.