Now, several stocks in the group also have good runs in 2012, led by PulteGroup, the best performer around the S&P 500 with a gain of 165.5 percent since the start of year. Lennar has become another star, climbing 93.9 percent and being released at No. 5 out there, FactSet data show.
However, no matter the state from the stocks, there remain lots of skeptics on housing who are questioning just precisely how healthy it really is. Barry Ritholtz, chief executive of FusionIQ and founder in the blog The important Picture, sees a number of either side in the argument.
"Currently, housing in hanoi is one of the few bright spots in the economy," according to him in the attached video. "The situation with housing remains it may not be a natural recovery, or stabilization, to train on a better word. The [Federal Reserve has] driven rates into inconceivable levels."
Foreclosures, Ritholtz says, are rising after banks had put quite a few on hold to work through the robo-signing debacle, and he's "expecting that to carry on to get together momentum."
"I'm comfortable saying housing has stabilized, but I am not saying purchasing the 'we're inside a full-blown recovery' meme," he admits that.
By spring, we have to know which side meets your needs on housing — that's, whether the best turn is on or more weakness lies ahead, he admits that.
Investors, economists and homeowners themselves don't have any shortage of knowledge to scour each month. Earlier this week, e.g., the Commerce Department reported that housing starts rose in October to some seasonally adjusted yearly pace of 894,000, up 3.6 percent through the prior month. Apartment construction was the strong metric, while single-family home builds eased slightly. However, single-family construction permits were for a multi-year high.
Let us know how you feel. Has housing stabilized? And exactly what are your thoughts on the mortgage-interest deduction? If it is left alone or eliminated?
Source: vinahouselink
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