The stocks of the public home builders have recovered, somewhat, from the depths of the housing crash, but, as a group, they are nowhere near the lofty trading levels of the early-mid 2000-aughts. Now may be the time to take another look at the sector, particularly at Pulte Group (NYSE:PHM), according to this trader via CNBC.
Home builder stocks haven't built up their shares much in 2016, but one trader thinks that's about to change.
"This sector has been relatively flat year to date, while other reflation assets have actually traded higher," said "Fast Money" trader Tim Seymour. He added that he thinks the sector is "an interesting place to be" for the remainder of 2016.
The S&P Home Builders ETF is up just about 5 percent for the year. The housing market has hit hurdles this year as home builders point to shortage of land and labor plus regulations both causing a slower recovery.