Now, several stocks in the group have experienced good runs in 2012, led by PulteGroup, the top performer for the S&P 500 which has a gain of 165.5 percent since start of year. Lennar has been another star, climbing 93.9 percent and being released in at No. 5 on the list, FactSet data show.
However, whatever the state with the stocks, there remain an abundance of skeptics on housing who're questioning just just how healthy it can be. Barry Ritholtz, leader of FusionIQ and founder on the blog The Big Picture, sees several of either side on the argument.
"Currently, housing in hanoi is among the few bright spots throughout the market," he tells within the attached video. "The condition with housing is still it isn't really a natural recovery, or stabilization, to use a better word. The [Federal Reserve has] driven rates right down to inconceivable levels."
Foreclosures, Ritholtz says, are rising after banks had put some of them on hold to sort out the robo-signing debacle, and he's "expecting that to carry on to gather momentum."
"I'm comfortable saying housing has stabilized, but I'm not really purchasing the 'we're within a full-blown recovery' meme," he tells.
By spring, we have to know which argument is right on housing — that is, whether a legitimate turn is on or more weakness is coming up next, he tells.
Investors, economists and homeowners themselves haven't any shortage of information to scour monthly. Earlier soon, for example, the Commerce Department reported that housing starts rose in October to some seasonally adjusted yearly pace of 894,000, up 3.6 percent on 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.
Tell us if you agree. Has housing stabilized? And exactly what are your ideas around the mortgage-interest deduction? Should it be left alone or eliminated?
Source: vinahouselink
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