News & Opinions
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Scott Cendrowski / Fortune/CNN Money / September 16, 2013
FORTUNE — What a difference a year makes. Last summer, when Fortune recommended homebuilder stocks, the chorus of dissenters was loud — and to some, persuasive. Their argument went something like this: “Homebuilders are doomed! Foreclosures are flooding the market and besides, no one wants to a buy a new home. They’ll rent forever!”
What happened next? Homebuilder stocks went on a tear. From last July through its peak this May, the S&P homebuilders index rose by 51%, more than doubling the S&P 500’s return. PulteGroup shares, as one example,Read More