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Although some analysts and investors are still confident of Trump keeping his promises, the broader markets are looking for concrete results. Given this scenario, corporate tax reform and infrastructure spending are likely to create headlines going forward. After all, construction and manufacturing companies are giving a solid performance in 2017 banking on the impression that infrastructure would provide a boon going forward. Additionally, corporate tax cuts are expected to boost earnings across the board. Housing/Homebuilding Showing Signs of Confidence The Zacks construction sector has advanced 7.1% so far this year, comparing favorably with the 5.2% growth for the broader market (S&P 500). The industry also outperformed the broader market in the last one year, as you can see below: (Year-to-date Performance) (1 Year Performance) Especially, housing/homebuilding industry has been riding high lately on solid new home sales data, affordable interest/mortgage rates and impressive housing starts figure. Resilient job growth and a healthy demand-supply balance along with seemingly high homebuilders confidence are adding to the momentum. The uptick in mortgage rates seems to be having a minimal effect on the industry.