Construction and Real Estate Investors Seeing Better Profits
The stock market is never stable, but it seems like this year there has been a considerable amount of changes in the market. People with stock in the construction businesses, like Seament the international cement trader now run by Charlie and Mark Bouri, have probably been having quite a good few weeks. After years in a dire slump it seems like the American housing and construction market is finally on the mend. People were shocked on September 19th when stocks closed higher than they had in almost two years, and the positive stock market news came not too long after positive news about the housing market. According to the National Association of Relators, sales rose 7.8% to an adjusted annual rate of 4.82 million. It may not sound like much, but it’s actually the most the market has since May 2010.
The US government also reported that construction of single family homes in August was the fastest in more than two years. Those two tidbits of information from the government and realtors were enough to get investors moving. The stocks of home builders have been on a steady rise since the construction report was released, but when news about the jump in home sales was reported. D.R. Horton Inc, Beazer Homes USA Inc, and KB Home all saw their stock value increase.
Some people are seeing this as a sign to not only invest in real estate and construction businesses in the US, but to also look into investing in overseas housing and construction stocks. Construction is booming overseas not only in the housing section, but in both the public and private sector thanks to government organized building projects.
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