Residential Construction Has Bottomed

According to the Bloomberg Home Builders' Index, the stocks of major home builders have risen 124% from their lows of last year. If the stock market has any ability to look across the valley of recession, then it's beginning to look not only like residential construction is rebounding, but that the rebound could be V-shaped (if not robust). Toll Brothers (TOL), Pulte Homes (PHM), and Centex (CTX) are all up strongly today on better-than-expected earnings announcements. Expect to hear more such news. Green shoots are everywhere and they just keep coming.

Comments

[HALROW:]

Champion Enterprises inc ...formerly and actually Champion Home
Builders ..is one of the home building companies with 4100 employees
in 14 states in The US ..while also growing and building in Canada and the UK ...In The UK they also build modular prisons ets ..they also
build mobile Homes etc......the share price hanging around .50 but
to stay listed on the NYSE CHB mus get to obove a buck for 6 months....and with yesterdays builder news of sales comming back and a growth comback nearing fruition...CHB is one nyse listed Company to focus your due dilligence on ....check into CHB

Aug 13 11:14 AM

[User 417202:]

Rose colored glasses

Aug 18 12:00 PM