Last week, real estate data provider Redfin reported that the number of U.S. homeowners has shrunk year over year for the first time in a decade. The dip was small – just 0.1%. But it still reflects an important shift in consumer behavior…
While homeownership was shrinking, the number of renters rose at one of the fastest rates since the pandemic.
It’s easy to see what’s driving folks into the arms of landlords… It’s just not affordable to buy today.
But history says you should pay close attention to homebuilders today… because they could be gearing up for a triple-digit bull run.
This post originally appeared at DailyWealth.