Lennar Corporation and KB Homes top a new list of U.S. stocks expected to benefit most from the housing recovery south of the border.
?The housing recovery is in full swing and continues moving forward at a healthy cadence, in our view,? said RBC Capital Markets in a note to clients.
U.S. builder stocks have rallied hard this year, but analysts at RBC remain bullish on the sector and believe the group is positioned to beat estimates driven by strong volumes and improved gross margin performance.
?Accordingly, we are affirming our Outperform recommendations on Lennar (Best of Breed) and KB Homes (Discount to Peer Group),? they wrote.
Other housing-related stocks with potential upside include Fortune Brands Home & Security Inc., USG Corp., Louisiana-Pacific Corp., Wells Fargo & Co., The Home Depot Inc., and The Sherwin-Williams Co.
?The need to build water/wastewater infrastructure associated with the opening of new communities is likely to benefit Mueller Water Products Inc., RBC added.
?And finally, American Axle & Manufacturing Holdings Inc., a leading tier-1 manufacturer of parts for pickup trucks, is well-positioned to experience strong volumes due to higher truck sales if our base case scenario for housing starts unfolds.?
Source: http://business.financialpost.com/2012/10/22/stocks-that-win-from-u-s-housing-recovery/
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