ADT Is a Steal

It's in vogue to be bullish on housing right now. But, while many are focusing on the recent strength in housing starts, I'm basing my enthusiasm around the pain point that is the multiyear low in housing-inventory stock. At the end of 2012, the number of homes listed for sale stood at a five-year low, 17.3% lower than at the end of 2011. Other data, from the National Association of Homebuilders, put the supply of new homes at 4.9 months -- toward the low end for the last 60 months.

To me this says the housing market needs to rebound simply in order to restore inventory levels back to more normalized levels. We've seen the homebuilder stocks  climb substantially over the last 12 months, among them Toll Brothers (TOL), Ryland (RYL), Pulte (PHM) and the one I recommended almost a year ago -- M/I Homes (MHO)....608 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.