Thursday, May 30, 2013

Investors Place Big Bets on Widespread Housing

Investors Place Big Bets on Widespread Housing
Housing Recovery: Investors are picking up shares of appliances, building materials, and even pickup trucks in betting on a widening housing recovery, The Wall Street Journal reports. Investors say that the increase in residential construction and home renovation represents a big opportunity on Wall Street.

The recovery is in 'the very early innings,' Russell Croft, a portfolio manager at Croft Leominster Inc., told The Wall Street Journal. '[I’m trying] to find the secondary or tertiary stocks that might be influenced by housing. Read more...

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