We’re In a Housing Bull Market
TOL just reported better than expected numbers. This is no longer an aberration, but a trend. Expect to see homebuilders and construction material companies beat estimates handedly. If you’re still living in the dark ages of 2008, you’re missing out on one hell of a housing recovery. Go buy some property and quit with the negativity already; you’re making me sick.
Here is some housing data of some of America’s biggest cities. You cannot argue with the data.
And here is the national data.
I’ve been eying a number of stocks to buy, because it’s my belief housing will continue to do well. I’m so fucking conflicted about the economy, it’s ridiculous. On one hand, the numbers are great and expectations look good. On the other, if they remove the mortgage interest deduction, one has to surmise housing is going to take a hit.
Here are my favorites.
TOL, BZH, PHM, SPF, LEN, RYL, KBH, HOV, DHI, MTH, GFF, USG, OC, SHW, VAL, ANGI and Z.