Homebuilders Up, But It’s Not Too Late To Buy
New homebuyers apparently ignored the winter weather. The January sales report shows a large increase and pushed the homebuilder stock uptrend further ahead. However, we need to avoid placing too much emphasis on that one number, as discussed below. More importantly is the underlying upward trend and the potential for excellent growth in new home sales this year. These are the reasons that homebuilder stocks remain attractive.
First, let’s review the much discussed monthly sales numbers…
This article is published on Forbes.com
