The housing "recovery" is a fiction of the imagination becasue the housing market has been so decimated by overpricing and bad mortgages that any slight uptick is called the "recovery"that will ripple through the market...Not going to happen..interest rates have bottomed and are heading up..everyone who has refinanced has done it......maybe a small incremental uptick in housingh but home depot should sell at 15x earnings......sell covered calls against your position if your long