From Pragmatic Capitalism:

Sentiment could not be much worse for the U.S. housing market than it is right now. And why shouldn't people be pessimistic? All of the governmental efforts to stimulate a housing rebound, so people start thinking that if the government cannot fix it, what can?

Meanwhile, most people are unaware of a major rebound brewing for the home building stocks. That is because most people are not readers of our publications.

This week, I'm revisiting a topic addressed here before, concerning the way that housing stocks tend to follow in the same footsteps as lumber futures prices. The price plot of lumber futures has been shifted forward in the chart by a year to reveal how the same patterns tend to show up in the...

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