7 Stocks For the Housing Rebound

Description:

There are many indications - anecdotal and factual - that the housing market is in the midst of a renaissance after a crushing multi-year depression. Here are some of those indicators:
• Housing starts have been on a steady rise since February 2011 and have registered 700,000 or more since November 2011 (with a minor blip to 697,000 in December 2011).
• Building permits have to the most part followed the trend in housing starts
• The NAHB / Wells Fargo Housing Market Index has surged since September 2011to levels not seen since June 2007. The index gauges builder perception of single family home sales and sales expectations for the next six months.
• New single family home sales bottomed in February 2011 and have risen to a level not seen since April 2010. However, the 2009-2010 single family home sales were bolstered by Federal tax credits which no longer exist.
• The S&P/Case-Shiller Composite 20 City YOY Index of Home Prices while still negative, has improved since April 2011
• Mortgage rates remain at historic low levels and should remain so for several years.

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