NEW YORK ( TheStreet) -- The housing market has been a bright spot in a slowly growing economy, but it now seems like this industry has paused. Today I update my profiles for eight homebuilder stocks I have been following, and all have been downgraded, seven now have sell ratings according to www.ValuEngine.com.In my post on Feb. 21, I wrote Home Builders Hammered by Housing Data where I showed my buy-and-trade strategies for these eight homebuilders. Six of the eight were rated buy despite overvalued valuations and elevated price-to-earnings ratios, hence a recommendation to reduce positions on strength.
Sell Downgrades Weaken Homebuilder Foundations
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