4 Building Material Stocks Busting Out to New Highs

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Investor interest in this space can be partly evidenced by the SPDR Homebuilders ETF’s (XHB) 28.3% returns so far this year, compared to SPDR S&P 500 ETF Trust’s (SPY) 11.3% gains over this period.

The industry’s prospects look bright worldwide. With mass vaccination drives gradually containing the spread of the virus, increasing activity in the commercial, infrastructure, and residential segments is likely. The global building materials market is expected to grow to $343 billion in 2025 from $272 billion in 2020.

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