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Housing: Play the rebound

Posted by Bonnie Martin Designated Broker on Wednesday, March 13th, 2013 at 7:42am. - Anticipating the real estate recovery that surfaced in the fall -- home prices in October were up 6.3% from a year earlier, and new-home construction reached a four-year high -- housing-related stocks led the market in 2012.

Homebuilders (returning 77% through early December), the lumber industry (74%), and home-improvement stores (55%) were the top-performing industries in 2012, according to Morningstar. And the Dow Jones U.S. Home Construction ETF traded in December at a lofty 27 times projected earnings -- nearly double the figure for the S&P 500.

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