If you believe interest rates are headed lower in 2024, then it's highly likely you think conditions in the U.S. housing market will improve. After all, housing affordability is highly sensitive to movements in interest rates and, therefore, monthly mortgage repayment rates.

Looking at some housing-related stocks, including Owens Corning (NYSE: OC) and Whirlpool (NYSE: WHR), makes sense. They trade on favorable valuations, provided you believe the housing market will recover in 2024.

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Source Fool.com