Are there any worthwhile homebuilders?
Posted
Oct 31 2007, 07:51 PM
by
Matt Koppenheffer
Rating:
KB Home is down 51% from its high for the year. And it's not alone.
Beazer Homes: down 77%
Levitt Corp: down 88%
TOUSA: off 94%
I could continue.
Are there any homebuilders out there that are still worth the paper that their stock certificates are printed on? On The Motley Fool's CAPS service, blogger floridabuilder -- an insider in the industry -- suggests that there are a handful that will be winners if we avoid a full-on recession.
His potential winners include KB Home, MDC Holdings, Ryland, Toll Brothers, and NVR. The absolute worst in his estimation? WCI Communities, Levitt, TOUSA, Dominion Homes, and Comstock.
For more, check out floridabuilder's blog, where he dissects the homebuilding industry as well as the individual companies.
(Full disclosure: I do not have a financial position in any of the companies mentioned.)