Volume 6 - Homebuilding stocks

Using median values instead of averages, Homebuilding stocks are 55% overvalued .    This assumes normalized earnings of $1.91 for 2013 vs estimated earnings of $1.10.   Reinvestment Return using normalized earnings averages 13.4%. For these stocks to be fairly valued , they would need to average $2.76 in 2013 which would result in a Reinvestment Return or growth rate of 25.6%

Results in Volume 6