This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Home Builders Riding Wave of Positive Data

NEW YORK ( TheStreet) -- Positive economic data for the U.S. housing sector and brighter signals from Europe offered markets a glimmer of hope this Tuesday. The U.S. Commerce Department released better-than-expected November housing data with builders breaking ground for nearly 685,000 homes, up 9.3% from October and 24.3% in November 2010, surpassing economists' expectations. Building permits were up 5.7% from the previous month.

At close Tuesday, the S&P 500 Index (SPXINDEX) gained 2.98%, while the S&P 500 Home Building Sub-Industry Index (S5HOME INDEX) edged forward by 7.01%, beating the main index. Stocks like, PulteGroup (PHM - Get Report), KB Home (KBH - Get Report) and Meritage Homes (MTH - Get Report) advanced 10.4, 10.1% and 9.2%, respectively, in a single-day trade Tuesday.

The Architecture Billings Index rose to 52 in November from 49.4 in October, according to the American Institute of Architect. The National Association of Home Builders expects sentiment to buoy for the third straight month in December.

Based on average estimates of analysts surveyed by Bloomberg, these stocks have upsides ranging from 5% to 40%. The buy recommendation and hold guidance for these stocks is 62% and 30%, respectively.

The stocks are listed in ascending order of upside potential.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SPF $0.00 0.00%
BZH $7.16 -1.10%
DHI $29.61 -0.57%
KBH $12.98 -1.22%
LEN $44.01 -0.97%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs