MISM looking like it is ready to go. So undervalued here. Look at their site. They have some huge properties with proven reserves. Check it out
Big pop up this morning going into earnings call on May 7.
The reit owns 257 nursing facilities. With the aging population increasing, this could be an investment with little downside risk. There is no message board on the Yahoo site for AVIV.
I guess I just think there is A LOT of good home building news already built into the XHB price, even after a little give back. Too crowded with momentum players for me. Also it's a good macro hedge.
"As the housing market continues to improve, house flipping is coming back into fashion—but just like Capri pants—not everyone is cut out for it"
Fox Business 4/3/13.
Housing inventory is starting to dry-up in many parts of the country. Almost every data point shows an improving housing recovery. The house flippers are back in my area and they got money. Consumer spending and sentiment may be down in Michigan (Why bother? The Motown area has been dead for years) but spending is alive and well in my area and many parts of the country.
We were due for a little pullback, Warren Buffett says it never feels good when it's the right time to buy. If you are looking for a part of the market that has a good chance of another leg up I think this broad housing related ETF is a good bet.
For the period you mention there was a retraction in home building. Excess homes for sale along with forclosures. Now things are picking up. The demand for homes will increase given time. Time is on your side if you are a long term investor.
The XHB follows all builders and may increase in value due to pent up demand. Just like the autos will.