The major risk facing the rally in homebuilding stocks is here

Posted by Staff Reporter on Mar 31, 2019 01:41 PM EDT
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The major risk facing the rally in homebuilding stocks is heremore big
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A bear case for homebuilders is coming out of the woodwork.

The group has been on a tear in 2019, with the SPDR S&P Homebuilder ETF having its best quarter since 2012, up over 18 percent, and the iShares U.S. Home Construction ETF tacking on a 19 percent gain for the year.

Recent earnings reports from homebuilders Lennar and KB Home provided further fuel for the rally, but weaker-than-expected February housing starts are creating jitters among market watchers.

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