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  • Homebuilding stocks have been on a tear now for over a year now, with leaders like KB Home (KBH), PulteGroup (PHM), Lennar (LEN), and Toll Brothers (TOL) all racking up solid gains. With such a big move already underway in the sector, today's $200M IPO announcement by William Lyon Homes (WLH), along with the $602M Taylor Morrison (TMHC) IPO due out later this week, may be viewed by some contrarians as a sign of a top in the market. [View news story]
    just eyeballing construction around orange county, its continuous, i imagine similar to pre-2008 levels. the big push here is from chinese investors (real estate jobs now list mandarin as a plus) since they have a strong hold in orange county property, and property values have increased up to 50% from the previous year, it seems like this would be a good buy, assuming the housing market is sustainable.

    my only concern would be any slow down of new construction projects, as that wont be quite evident until a year after these projects in construction are completed and habited
    May 13 03:24 PM | Likes Like |Link to Comment
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