Steve Sjuggerud is one of many contrarians floating this idea. In fact, he sees
500% gains in the sector over the next four years. He points out that after new home prices fell between 1979-82 and 1989-92, the shares of homebuilders soared. This is true, but this was also during a great bull market in general. I would love to know how an index of homebuilders did against the market during this same time period.
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