BOSTON (The Street Ratings) — No one’s buying homes, never mind homebuilder stocks. Companies such as Pulte(PHM), DR Horton(DHI) and Lennar(LEN) may even be the most contrarian investment today.
The outlook for the housing market, as reported by the mass media, is not good. In case you’ve missed them, here are a few of the headlines from over the past several weeks:
“No recovery in sight for U.S. housing market”
“July real estate market fell short of expectation”
“Housing data shows sector is still weak”
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