The Next Housing Bubble?
As I look at all the available housing data and then compare it to the stock performance of companies closely aligned with the sector, all I can think is here we go again. The performance of many stocks in the housing sector this year reminds me more of the 1999 Nasdaq bubble than of the run-up in the value of these stocks during the housing bubble.
Home Depot (HD) is up 85% this year, Lowe's (LOW) is up 28%, Lumber Liquidators (LL) is up 300%. Toll Brothers (TOL) is up 50%, the SPDR S&P Homebuilders (XHB) is also up 50%. I could go on....382 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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