4 Homebuilders on Sale: RYL, PHM, MDC, DHI

It has been a roller coaster ride for homebuilders the last several years. A spectacular boom in the housing market was followed by a tragic collapse. Not only did prices plummet, but the number of new homes being built plunged to levels around half of what they were in the 1960's - back when the United States had more than 100,000,000 fewer people living in it.

After some very dark days, homebuilders finally started to see some signs of life in 2012. You can see a solid rebound in the number of new housing starts recently:

In May 2013, new housing starts ran at an annualized rate of around 900,000. But many experts believe that in order to simply keep up with population growth, around 1,500,000 new housing units are needed annually. This means that the rebound in new home construction could very well be in its early stages.

But someone forgot to tell that to Mr. Market.(more)

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