15.02.2013 - Housing: Play the rebound
Housing stocks, which not so long ago looked as likely to pay off as a $2 Powerball ticket, have become a hot commodity. Anticipating the real estate recovery that surfaced in the fall -- home prices in October were up 6.3% from a year earlier, and new-home construction reached a four-year high -- housing-related stocks led the market in 2012. Homebuilders (returning 77% through early December), the lumber industry (74%), and home-improvement stores (55%) were the top-performing industries in 2012, according to Morningstar. And the Dow Jones U.S. Home Construction ETF traded in December at a lofty 27 times projected earnings -- nearly double the figure for the S&P 500...............................................Full Article: Source
Print