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With housing starts out on Wednesday, how should you game the homebuilders?Investors have a great deal of data to sift through as they attempt to develop a trading thesis.
Mortagage Delinquencies
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due, according to credit reporting agency TransUnion. That's up 58 percent from a year ago.
Homebuilder Sentiment
The National Association of Home Builders said Tuesday this month's housing market index stood unchanged, at 17 for the second month in a row. This key gauge of homebuilders' confidence reflects a cautious outlook from residential developers.
Home Depot Outlook
The top home improvement chain reported quarterly results that beat analysts' estimates, but made a forecast that suggested weaker results at the end of the year and said a recovery might not take hold until the second half of 2010. The cautious outlook sent its shares down over 3 percent.
With so many variables, how should you game the space?
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