Considering homebuilders have already tripled off the 2009 lows, I'm probably late to this party.
But, with the apparent nascent turnaround happening in bank assets and consumer credit, I wonder if there is a second act left in this sector.
Here is a chart comparing months of inventory, home prices, and housing starts, over time. The thing that is out of whack here is housing starts. A doubling in homebuilding activity in short order would not be outrageous. That coupled with the continued upward pressure that we should see on home prices, coming from the low interest rate environment, should provide tremendous upside for some firms in the homebuilding and real estate sector.