Homebuilders Back in Play for 2014

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

David Peltier

David Peltier

Dec 18, 2013 12:28 PM EST

Wednesday's solid housing starts data saw the highest print in five years and showed 23% growth. TheStreet's Stocks Under $10 Porfolio Manager David Peltier thinks this will bring home builder stocks back into play in 2014. He is playing the housing group by investing in Standard Pacific Corp, which has pricing power and exposure to Californian housing market. Peltier also likes Builders FirstSource as a building supplies play.

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