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Odd reaction to the drop in the NAHB housing market index: Pulte (PHM +1.4%) and several other...

Odd reaction to the drop in the NAHB housing market index: Pulte (PHM +1.4%) and several other stocks in the sector are trading higher. Dave Kansas notes that Pulte has been gradually breaking from the struggling homebuilder pack since Goldman named it a "conviction buy" last month. Also up: DHI +1.5, TOL +1.8%, MDC +0.9%, RYL +1.5%.
Comments (1)
  • Jake Huneycutt
    , contributor
    Comments (1381) | Send Message
     
    The homebuilders are really the most attractive buy on the market right now. People are dramatically underestimating their future profit potential, in my view.

     

    One thing people tend not to consider: the homebuilders don't have to *ONLY* sell homes. I think we'll see more homebuilders start to shift thier focus a bit more over the next few years, as they wait for a recovery in the housing market.
    18 Apr 2011, 02:23 PM Reply Like
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