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The real estate market is still pretty much in the tank but something is changing, or something is wrong? Housing and Large Builder stocks, considered “dead” at end of last year have come alive and seem to be gaining incredible momentum. 

According to a USA Today article this week 3 of the best 5 gainers in the S&P 500 this year are home builders:

Pulte at #1 – up 51%

DR Horton at #3 – up 30%

KB Homes at #5 – up 25% 

This movement has defied bad news and is only a short-term recovery off depressed levels say some while others feel that it is the first signs of a pick up in the housing market.

What are your thoughts?

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March 5, 2008 by Port Orange Condo (not verified)
These are some big name builders and not surprised they found a way to survive thru this housing bubble. I see the NAHB is requesting a tax break for those who buy homes this year to assist builders and homebuyers. Wow another great reason to buy a new home low interest rates, builders cut prices, tax breaks pending.!
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March 2, 2008 by Luxury Homes In Florida (not verified)
I am not surprised. I have a family member building a KB home and they have offered wonderful incentives and has been a great experience so far. The cost savings with recent interest rate cuts and a great 10 year warranty offers home buyers a little more than buying a foreclosure that needs work and is 10-20 years old.
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March 5, 2008 by Atlanta Luxury Real Estate (not verified)
I agree somewhat with the post above in that all the incentives and price reductions have given the builders a little boost. The real question is, will they be able to sustain this growth?
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