One of the year's biggest payoffs comes from a contrarian bet on the most hated sector on the...

|By:, SA News Editor

One of the year's biggest payoffs comes from a contrarian bet on the most hated sector on the planet: long the housing sector. While the risk was large, the payday was larger. The iShares U.S. Home Construction ETF (ITB) surged more than 75% in 2012, boosted by homebuilders such as Pulte Homes (PHM) and Lennar (LEN) doubled or nearly doubled and construction-related stocks like Home Depot (HD) also soared.