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Funds are flowing into homebuilding stocks. Quality

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PennyP1cker   Thursday, 03/01/18 08:22:08 PM
Re: None
Post # of 70 
Funds are flowing into homebuilding stocks. Quality builders' shares are doing well even in a down market. Is it a flight to quality? According to reports, sales of new homes were very soft in PHM's main market and yet the pps is going up, up. I wonder if PHM is planning to buy up a competitor or two this year like WLH recently did. Regardless, PHM is poised to do well this year because I think the industry is booming and should be able to raise prices without difficulty at least in the hot markets. MSPC is another stock that is in favor, closing today at the 52-week high on heavy volume.

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