Bed Bath Hasn't Gained Steam Just Yet
Homebuilding stocks are one of the best-performing sectors of 2012. These equities correctly anticipated the housing recovery by running higher ahead of it, and then they continued moving up as the rebound gained momentum. The SPDR S&P Homebuilders (XHB) has risen some 55% so far this year, and some individual homebuilding stocks have gained much more than that.
I live in downtown Miami, which had been one of the epicenters of the housing crash, so I've had a firsthand perspective on this recovery over the past five years. In 2009, vacancies were at ridiculously high levels. Some condo developments looked like ghost towns, and my realtor friends were busy drinking themselves into oblivion, lamenting that they had missed anticipating this epic bust....435 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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