It’s easy to write off the housing market completely. Thanks to rising rates on mortgages, new home construction and existing home sales continue to drop. But for some segments of the housing market, business is booming. That fact continues to strengthen our latest Best Dividend Stocks Model Portfolio pick with record sales, profits and shareholder rewards!
Our pick is one of the largest home improvement retailers in the nation. As rates have increased, more people have been forced to stay in their current homes, which has involved a lot of updating and DIY projects. At the same time, commercial construction remains swift. Multi-family homes remain a hotbed of activity and that’s benefited our pick’s professional/distribution arm. The combination of these two factors has continued to boost our pick’s fortunes over the last few years.
Going forward, a continued focus on supply chain management, omnichannel and commercial construction is expected to help our pick keep the dividend and buyback growth going.
All in all, our pick remains a top-notch choice for investors looking to play the housing sector in a cautious manner.
In addition to our new home improvement retailer, we’ve also increased positions in an integrated energy stock and midstream firm while decreasing our positions in an apartment REIT and a basic materials firm. We’ve also sold an industrial tool maker from the portfolio.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
