On February 9, Bank of America released a note titled "Housing Watch: Feelin' alright," which covered a recap of the economic metrics that fuel housing demand and drive performance of publicly-traded homebuilders.
Tale Of The Tape - 2015 YTD
Here is a quick look at publicly traded homebuilders: PulteGroup, Inc. (NYSE: PHM), Lennar Corporation (NYSE: LEN), KB Home (NYSE: KBH), Toll Brothers Inc (NYSE: TOL) and D.R. Horton, Inc. (NYSE: DHI).
Lennar shareholders have seen the best performance 2015 year to date, just over double the return of the SPDR S&P 500 Homebuilders (NYSEARCA: XHB).
B Of A - Key Takeaways
Housing Starts: forecast 1.175 million this year, up from 1.004 million in 2014.
Home Prices: appreciation has slowed, a trend B of A believes will continue, (with some upside potential). B of A forecasts national home prices to increase 3.7 percent this year, nearly matching the growth in disposable income per capita.
Household ...
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