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Multiple reasons.  1) Law of averages / regression to mean. Every stock that sells off due to market sentiment makes adjustments and returns to previous prices. (LLY, KBH, F, LMT)  2) New monthly permits starts data has been over 1 million for 5 years. Probably 10 if you look back farther. Always a good indicator of economic health.  3) Every single good / reputable construction company has a backlog that goes through 2026 currently.  4) Home sales are slowing. Everyone who bought a house in the last 3 - 5 years who didn’t lock in low rates will refinance or have enough equity for a HELOC. What do that do with that….. renovations.  5) Yes HD pulled back expectations but their profit margins will remain the same, dividends (Maybe up?), stock buy backs. 
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