Dec
04
Homebuilders’ Shares May Be Set for a Teardown
ByOne of the sectors potentially most at risk from the Republican tax bill is housing. Investors, though, don’t seem to have been home to get the message.
The stocks of residential builders have been some of the market’s best performers in 2017. The Dow Jones U.S. Select Home Builders Index is up 56 percent this year. And some stocks have done much better. Shares of $13 billion homebuilder NVR Inc. are up 109 percent since the beginning of the year. The stock of KB Home has climbed nearly 95 percent. The much-watched FANG stocks like Apple and Netflix are up a lowly 47 and 51 percent, respectively, by comparison…
Homebuilders’ Shares May Be Set for a Teardown
