Following the Federal Open Market Committee's recently released statement regarding a continuation of its asset purchase program, it is safe to say the housing recovery has room to expand. Even with housing data showing healthy gains each month, and most publicly traded builders continuing to report growing backlogs, the market has been extremely worried about rising rates and the effect it will have on our nation's real estate market. While volatility has been rampant in the homebuilder industry, many of the building suppliers and home remodeling companies have experienced a much smoother ride in the months following Chairman Bernanke's hint of Fed tapering.
One of my top picks to benefit from the continued housing market recovery in this country...
Only subscribers can access this article, which is part of the PRO research library covering 3,617 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: