Source: Bespoke Investment Group
The NAHB Homebuilder Survey is heading down once again, showing that sentiment declined to a 52-week low of 14. The expiration of the homebuyer tax credit certainly is making its presence felt.
That is not good news for the homebuilding stocks. D.R. Horton, Inc. (DHI), PulteGroup, Inc. (PHM), Lennar Corporation (LEN), KB Home (KBH) are probably good shorting candidates.
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