This Day On The Street
Continue to site
ADVERTISEMENT
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

3 Amazing Clues That the Housing Market Recovery Has Abruptly Slowed

NEW YORK (TheStreet) -- The U.S. housing market recovery has slowed, and not many average investors are taking notice. Consider what close to eight months of sluggish new and existing home sales, due to price gouging homebuilders and higher mortgage rates, has done to early cycle (companies selling products needed early on in the building process) housing stocks.

One-Month Performance

  • Lumber Liquidators (LL): -8.40%
  • Owen's Corning (OC): -2.98%
  • Mohawk Industries (MHK): -0.14%
  • Beazer Homes (BZH): -4.23%
  • Pulte Homes (PHM): -1.28%
  • Toll Brothers (TOL): -2.81%
  • Hovnanian (HOV): -5.56%

When Owen's Corning recently warned of weak roofing sales I made a mental note. When Whirlpool (WHR) needed increased marketing to move appliances in the U.S. last quarter, I began working the phones of contacts on the ground. Then I went looking for odd clues at home improvement retailers to justify the information I was receiving.

Holding housing stocks that are 10% off from their peak? I suggest doing a bit of grassroots research such as I did below at Home Depot (HD) to gauge whether the key spring season for housing could be surprisingly mediocre, hurting the outlooks for the companies mentioned above.

Turn up the sound on these Vines!

Plants in the parking lot = Home Depot hoping to catch the attention of those on the highway.

1 of 2

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%
YHOO $42.51 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs