Ben Laidler, global markets strategist at the investment and trading platform eToro, analyzes the evolution of homebuilders in the US and the UK. The former “benefit from higher mortgage rates, while the British need them to continue falling. “This transatlantic divergence occurs despite the similarities between the American and British real estate markets,” he points out.

HOME BUILDERS:
U.S. homebuilders have even outperformed the NASDAQ over the past year, as limited inventory boosted new home sales despite high interest rates.