With baby boomers largely driving economic growth for the past four decades, investors interested in how the future economy is expected to function have looked to data which focuses on Millennials in an attempt to glean which areas of the economy may be most ripe for long-term growth and prosperity in the decades to come.
One of the core, obvious places many investors look to first is the housing market (all those kids need a place to live, right?).
It is true that the most recent boon in real estate markets can be tied closely to the coming of age of many Millennials who are now settling down and making home purchases, many for the first time.
A continued expansion in this sector of the economy is expected to continue for some time, supported by an overall macroeconomic picture which is forecast to remain rosy (though I still believe most investors ought to be careful in this environment).
Regardless of one's outlook, the iShares U.S. Home Construction ETF (NYSE:ITB) is an excellent way to play this long-term growth trend.
This ETF has taken a substantial hit following tariffs implemented by the Trump Administration, making this an ETF which has both value and growth elements to it - perfect for an investor with a long-term time horizon. This stock is currently down approximately one-third (33%) from its peak, providing an attractive entry point for value oriented investors.
Invest wisely, my friends.
