According to Bloomberg home builder stocks are on the rise, in fact they “are appreciating at a record rate this year, reflecting confidence with the housing rebound from a 6-year slump can accelerate with new-home sales still 50 percent below the average 40 year average” as noted in an article by bloomberg.
In light of recent gains in the housing market, especially for new homes, builders have likewise been upping their values. The portfolio manager for Roosevelt Investments, Jason Benowitz, remarked “We’re getting more activity, more traffic and even pricing has begun to improve. If the economy can muddle along, then we think housing will continue to be a bright spot. And the home builder stocks have room to run free.”