This morning’s disappointing pending home sales report is fueling worries that the housing market, one of the drivers of the economy since the recession, is losing steam.
That’s dragging on shares of companies that make the “stuff” that goes into building a home. And it’s not just new construction that moves these stocks.
Sales of previously-built homes also have a big impact since buyers typically do some remodeling, whether it’s painting, replacing carpets and cabinets, updating kitchen appliances and bathroom fixtures, buying furniture, etc.
Here are a few names to watch:
Housing-Related Stocks Stumble