The Housing Boom Hiding in Plain Sight (and the 238% Dividend Grower to Play It)

Once again, the mainstream crowd is wrong--this time on real estate. And they're wrong for the same reason they always are: They're looking at the wrong numbers.

And we're ready to profit through an overlooked dividend grower that throws off $14 billion in yearly cash flow. It hands much of that to us as share buybacks and a dividend that's jumped 11% annualized in the last five years.

We haven't seen an opportunity like this since 2021. Back then, pandemic restrictions kicked off a home-renovation bonanza. Another one is getting started now.

Today, six years after COVID forced me to turn my patio into Puerto Backyarda (complete with a "misting fan" from Home Depot--hint!), homeowners are pouring another wave of cash into their abodes.

Thankfully, it's for a different reason: Mortgage rates are high, and those who did buy homes in the rock-bottom-rate days of 2020 and 2021 are loath to move--and lose their bargain-basement 30-year mortgage rates.

Many of those folks have also built up a lot of equity since 2021, and they're tapping it to remodel that kitchen or bathroom they're tired of looking at.

Last year, for example, they were busy setting up home-equity lines of credit (HELOCs), the number of which jumped 14.3% in the fourth quarter. This year, the total spend on remodeling is projected to jump to $518 billion.

So the money is there. The motivation is there. Now here's the real trigger for Reno Boom 2.0: The typical American home is now 44 years old.