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As of Dec. 17, the Standard & Poor’s 500-stock index had lost 13.1% from its Sept. 20 all-time high. That’s correction territory, typically defined as a decline of 10% or more from a peak, but still...
Recommending homebuilders’ stocks isn’t the contrarian call it used to be. Now the concern is that they might be overvalued. But I think they still have room to run.
All those kids in their twenties and thirties who are living with their parents will eventually want their own homes.
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