‘Millennials Growing Up’ is on its way to becoming the biggest demographic trend and trade of 2017. The market has told us that they’re having babies. Naturally, it’s also been saying they’re buying homes now too.
News is following price. Earlier this month, Fannie Mae data suggested increased demand for starter homes.
There is a ton of money to be made off of this trend. Let’s look at the charts.
The Housing Index broke out of a multi year base earlier this year targeting a move to 325ish.
Durable Household Goods are breaking out as well
A Few Stock Charts to Consider:
WHR is testing this long time resistance level
MAS has consolidated at the top of the range after a strong move in April.
CCS has pulled back into the 10 wk MA.
DOOR is retesting an old resistance level from above. There is an open upside target to 100.
HOV is tight within a large range.