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After President Obama pitched a plan to cut homeowners' mortgage insurance, a number of homebuilders' stocks climbed out of price consolidations.
Some of the top technical performers from the homebuilding industry are:
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- Lennar Corporation (NYSE: LEN)
- D.R. Horton, Inc. (NYSE: DHI)
- PulteGroup, Inc. (NYSE: PHM)
- Toll Brothers Inc (NYSE: TOL)
- NVR, Inc. (NYSE: NVR)
The housing industry only slightly lagged the large-cap U.S. indices in 2014, and some analysts are looking for even stronger performance this year.
There are not many mutual funds that focus specifically on the homebuilders, but investors who want exposure to that sub-sector may want to check out the Fidelity(R) Select Construction & Housing Portfolio (MUTF: FSHOX).
Fidelity(R) Select Construction & Housing Portfolio
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The fund seeks to invest at least 80 percent of its assets in companies that design and build commercial, residential, industrial and government-financed facilities. It also invests in industry suppliers, and those involved in the sale and distribution of housing-related products and services.
Top holdings include:
- Home Depot Inc (NYSE: HD)
- Lowe's Companies, Inc. (NYSE: LOW)
- Essex Property Trust Inc (NYSE: ESS)
- Aecom (NYSE: ACM)
- Lennar
The fund has returned 18.5 percent in the past year. It has an expense ratio of 0.81 percent, not terribly pricey for an actively managed fund.
CGM Realty Fund
The CGM Realty Fund (MUTF: CGMRX) typically holds only 20 or 25 stocks, and can invest up to 20 percent of its assets in outside the real-estate industry. The top three holdings are RLJ Lodging Trust (NYSE: RLJ), Jones Lang LaSalle Inc (NYSE: JLL) and Morgan Stanley (NYSE: MS).
The fund is managed by Ken Heebner, well known as the manager of the CGM Focus Fund (MUTF: CGMFX), with $1.3 billion in assets.
Among homebuilders, Lennar constitutes 6.34 percent of the fund; Toll Brothers, 5.50 percent; D.R. Horton, 5.11 percent and Pulte Group, 4.93 percent.
The CGM Realty Fund returned 24.40 percent over the past year. Its expense ratio is 0.92 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.