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[video] Homebuilders Will Shine in 2014

The video this transcript is based on appeared on December 18.

NEW YORK ( TheStreet) -- The continued growth in housing starts is a good sign for homebuilders in the new year, says Stocks Under $10 Portfolio Manager David Peltier.


I'm David Peltier, portfolio manager of TheStreet Stocks Under $10 newsletter. Now we have the release of housing starts data that came in Wednesday. You saw print, was the highest print in some five years show 23 percent growth. I think this is really gonna bring the homebuilding stocks back into play. A couple of ways I'm playing this group includes Standard Pacific, the ticker here is SPF. If you look at the stock it is actually lagging in 2013, only up about 11 or 12 percent year to date,currently trading just over eight dollars a share. That said, I think the company has a lot of pricing power. I also like the company's exposure to California which I think is a market that will remain hot in 2014, and I think the stock can move up into the double digits. The name I'm looking at is Builders FirstSource, ticker here is BLDR. The stock recently pulled back under seven, off about 15 percent from its recent highs. Now this is more in the building supplies area. The homebuilder said the company had a really strong quarter behind that company is expanding margins and I think that Builders FirstSource can gain market share, so for this stock I'm looking for a price of nine dollars sometime in 2014. For TheStreet, I'm portfolio manager David Peltier.

Written by David Peltier in New York.

David Peltier is a research associate at TheStreet. In keeping with company editorial policy, he doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Peltier appreciates your feedback; click here to send him an email.

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