After Whirlpool, Sherwin Williams and Masco reported earnings that missed expectations and saw their share prices drop Tuesday, in addition to share prices of home builders that include Lennar, KB Home, and DR Horton, analysts raised questions about the housing market, reports CNBC staffer Alex Rosenberg.

There’s “uncertainty” surrounding housing-related companies, says Megan McGrath, research analyst at MKM Partners. "We went into this quarter somewhat cautiously," McGrath added. "Overall I would say our view hasn't changed meaningfully after WHR and MAS but we are watching for downside risks more carefully and will continue to monitor earnings as we go forward to get a better sense of where the repair/remodel consumer stands."

But Robert Wetenhall, who covers housing stocks for RBC Capital Markets, says Tuesday’s slip could be "a great buying opportunity in the space."

"We're seeing excessive concern given solid fundamentals," he told CNBC in a Tuesday phone interview.

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