Housing a Powerful Tide... Lifting a Lot of Boats

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Oct. 11 (Bloomberg) -- On today's "Insight & Action," Adam Johnson looks at U.S. housing on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Housing is a powerful tide lifting a lot of boats.

Let's start connecting the dots as we go through the news of the day.

At wells fargo, we learned this morning the highest ever earnings again.

Improvement in the housing market significantly contributed to the broad-based improvement in the quarter.

Wells fargo underwrites about 1/3 of the mortgages in this country.

If he says housing is getting better, that means a lot.

It should not come as a surprise to anyone tracking homebuilders the last couple of weeks.

Look at the earnings from kb homes.

60% better than forecast.

Lennar on the same day, 19% beat.

If you look at these 12 companies, you have seen the analysts raising estimates.

All these housing related companies are reporting this month.

Mohawk makes carpet.

Masco makes faucets.

Connect the dots.

See what is happening in the market.

Then you will begin to appreciate the opportunity.

The homebuilders in white only up about 11% this year versus the s&p 500 up 18%. therein lies the opportunity.

If you have the housing sector doing better, it only makes sense housing stocks should also do better.


It begs the question, is now the time to buy a house?

Our closers is the price seems

This text has been automatically generated. It may not be 100% accurate.


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