DOJ fines JPMorgan Chase $50 million for robo-signing

DOJ fines JPMorgan Chase $50 million for robo-signing

Chase admits to misfiling mortgage documents

This is what justifies Texas economic pride

Happy Independence Day, Texas

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit
W S
The Ticker

Homebuilder stocks outperform in January: KBW

/ Print / Reprints /
| Share More
/ Text Size+

Homebuilder stocks continued to outperform last week with Keefe, Bruyette & Woods reporting that homebuilder stocks jumped 4.1% for the week ending Jan. 25. 

That is up from the S&P 500's 1.1% increase in the same week and the S&P 500 Financial Index's 1.3% jump, KBW said. 

"Building products companies and mortgage insurers were strong, while non-agency REITs and mortgage servicers were weak," KBW noted when comparing builders to other parts of the housing industry.

Homebuilder stocks are up 10.9% month-to-date, compared to only a 5.3% increase for the S&P 500 and a 6% increase for the S&P 500 Financials Index.

"In 2012, homebuilder stocks were up 122.8% vs. +13.4% for the S&P 500 and +26.3% for the S&P Financials Index," KBW analysts said. "Historically, homebuilders have outperformed the S&P 500 in January by 3.5-6.0%."

kpanchuk@housingwire.com 

Recent Articles by HousingWire Staff

Comments powered by Disqus