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Like JGB bears, eventually bulls on home builders will be proven correct. A Goldman study finds...

Like JGB bears, eventually bulls on home builders will be proven correct. A Goldman study finds home prices at least 5% undervalued in 94 of 147 tracked metro areas. The most geographically diversified of the builders, D.R. Horton (DHI) could be the best proxy for a housing comeback. Maybe with more upside, but also riskier because of the energy component, is Meritage (MTH) and its exposure to Texas.
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