Analyst Jay McCanless said Ryland Group Inc his top picks
Analyst Jay McCanless said around 836,000 new homes are expected to be started this year, and starts will climb over the next few years as unemployment decreases.
"We anticipate the current housing recovery should peak in 2015 with total housing starts of 1.3 to 1.4 million that year," he said. McCanless says Ryland Group Inc. and Meritage Homes Corp. are his top picks in the sector. He rates both stocks at "Buy," and also has that rating on shares of DR Horton Inc. and PulteGroup Inc. He rates shares of Beazer Homes USA Inc., KB Home, Lennar