US home builders seen staying strong


The S&P Supercomposite Homebuilding Index fell 27% from January through star analyst Zener's September call, while the S&P 500 dropped about 15%. — Bloomberg

NEW YORK: An analyst who called a grim start for home-building stocks this year as well as their rebound in recent months is confident that the group will stay strong in 2023.

The sector should fare better than the S&P 500 Index next year, according to Kenneth Zener at Keybanc Capital Markets.

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homes , builders , equities , S&P500 , Fed

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