The U.S. housing market is currently going through a difficult time as housing inventory is reaching below historical averages, resulting in tight supply and surging house prices, which are discouraging many aspiring home buyers from affording a home. Also, high mortgage rates have adversely impacted the market further.
Given the industry tailwinds, it could be wise to invest in fundamentally sound stocks Snap-on Incorporated (SNA), Owens Corning (OC), and Cavco Industries, Inc. (CVCO) for potential gains this month.
