Following a summer of higher interest rates and a recently released report from the US Census Bureau showing July new home sales were much weaker than expected, virtually all publicly traded homebuilding stocks have fallen victim to heavy selling pressure. However when you listen to homebuilder CEO's continued enthusiasm for the US housing recovery and review the data which backs up their excitement, stocks which were 25% higher a few months ago begin to look attractive. While investors can easily gain access to a basket of builders through an exchange traded fund, taking time to screen this industry can unlock the alpha we are all seeking.
Toll Brothers (NYSE:TOL) is often grouped with other publicly traded homebuilders, however...
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