This story was originally published here.
It’s time to call it.
The doomsday naysayers were WRONG. This is not 2008.
And here’s why.
Each week, a different America 2.0 sector breaks out higher.
Take the cornerstone of our American economy: housing.
Last week, our Bold Profits Daily homebuilding play — iShares U.S. Home Construction ETF (BATS: ITB) — was up by more than 14%.
This was one of the hardest-hit sectors in March. And it sparked the 2008-repeat rumor to spread.
But it never happened.
Since bottoming out on March 18, ITB has rallied by more than 90%!
Demand for homes has been remarkable considering the circumstances.
Yes, the process of buying a home has changed. But the change has been a great shift to America 2.0.
People are using new homebuying technology.
Online platforms like Redfin and Zillow have reported incredible news this month.
Zillow’s online 3D home tours grew by 525% between February and April, and Redfin reported that homebuying demand is now higher than it was before the lockdowns:
The great news kept coming this week: more new homes were sold in the U.S. in April than in March.
Specifically, 623,000 new homes were sold across the country last month, crushing the estimate of 490,000.
Considering that most states were still in lockdown for much of April, the fact that such a huge amount of homes were sold shows just how much demand there is.
America 2.0 is in full swing, reshaping our economy. To participate in the housing boom: Buy iShares U.S. Home Construction ETF (BATS: ITB).
There’s more growth — and gains — ahead…
Editor's Note: To keep reading, click here.
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