Housing Bill Ignites Stock Rally – These Builders and Suppliers Benefit!

A bipartisan bill boosted US homebuilders last Wednesday (June 24). With the 21st Century ROAD to Housing Act, Congress passed the most significant housing legislation since 1990 – with a vote of 358 to 32 in the House of Representatives and 85 to 5 in the Senate. Interestingly, President Donald Trump abruptly canceled the signing because he wants to first push through a voting rights bill. The stock markets were indifferent. Since a bill automatically comes into effect after ten days without a signature, prices rose even further. The PHLX Housing...