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Homebuilders buck today's downtrend as Goldman upgrades the homebuilder sector to Attractive and...

Homebuilders buck today's downtrend as Goldman upgrades the homebuilder sector to Attractive and raises its ratings for MDC +5.6%, KBH +2.1% and RYL +4% while cutting NVR -1.8% to Sell. The firm thinks "investors should take advantage of the likely volatility in the space given U.S. homebuilders' strong correlation with the still depressed levels of new home sales."
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Comments (1)
  • MWinMD
    , contributor
    Comments (2219) | Send Message
     
    I bought MDC at 17 last November but sold at 25 in March. It's completely insane that it's this high. Way ahead of either earnings or the macro picture. I wonder if analysts are making their earnings estimates based on mid-bubble home prices. We're not going to see those prices again for 20 years.
    23 Jul 2012, 03:14 PM Reply Like
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