Did Homebuilders Finally Bottom? (DHI, TOL, LEN, CTX, HOV, BZH, XHB) - Jon C. Ogg (24/7 Wall St.)

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Did Homebuilders Finally Bottom? (DHI, TOL, LEN, CTX, HOV, BZH, XHB)
Mar 25, 2008 05:35 PM UTC

Jon C. Ogg (24/7 Wall St.)

Return	Risk
+13.56%	MID

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Symbol	Sentiment	Start	Return	Closed
TOL		03/25/08	+24.79%	--
LEN		03/25/08	+27.75%	--
BZH		03/25/08	+55.69%	--

If you have been watching homebuilders of late, you'll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed to Sam Zell's interview on CNBC saying this spring should mark the bottom in housing. The SPDR S&P Homebuilders (AMEX: XHB) ETF shares are up 6.3% at $22.56 today, and its 52-week low is $15.22.

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