In this video, Motley Fool analyst Blake Bos sifts through the latest data from the housing sector to give investors a few important takeaways. He discusses the recent decline in new-home sales, down 4% in August, and gives his thoughts on the cause of the fall. He also gives a projection for home prices over the next few years and tells investors what this news means today for homebuilder stocks such as KB Homes, (NYSE:KBH), Lennar (NYSE:LEN), or Pulte Group (NYSE:PHM).
Blake Bos has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.