If you ask an average homeowner across the U.S. how the housing market is performing, the vast majority would say fantastic. After all, home prices are close to historical highs and when houses are listed they are quickly sold. One would think that in such an environment, homebuilder and construction stocks would also be performing very well. But the opposite is true. In fact, just last week, the largest ETF that tracks these companies fell into bear market territory, falling over 20 percent in 2018. Many of the stocks that make up this index have fallen more than 50 percent in the last several months.
Source: Charlotte County Florida Weekly