Zacks Market Edge Highlights: KB Home, Lennar, Bank of the Ozarks and Home Depot

For Immediate Release

Chicago, IL – October 5, 2017 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/277638/housing-market-which-stocks-to-buy-and-avoid-right-now)

Housing Market: Which Stocks to Buy (and Avoid) Right Now

Welcome to Episode #101 of the Zacks Market Edge Podcast.

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

In this episode, Tracey is joined by Zacks Chief Equity Strategist and Editor of the Large Cap Trader, John Blank, to discuss what is going on in the housing sector.

Several home builders have already reported third quarter earnings.

Both KB Home (NYSE: KBH– Free Report) and Lennar (NYSE: LEN– Free Report) had solid reports, with both seeing an increase in their average price home. Orders and backlogs are also on the rise for both companies.

And while home prices are hitting new highs in many big cities, mortgage rates still remain near all-time lows and the job market is strong.

Should investors be jumping back into the homebuilders?

Millennial Renters

Since 2011, over 1.5 million new apartments have been built across the United States with thousands more still in the pipeline.

These buildings have mostly been “luxury” apartments with expanded amenities including spas, rock climbing walls and swimming pools, designed to appeal to young Millennials.

But some are now worried about excess supply and that a big apartment bust could be coming.

Multi-Family Lending: A Danger?

In early 2017, the Federal Reserve ordered the largest banks to set out how they would fare if rental apartment values fell by more than 35%.

The largest lenders of multifamily loans, at the end of 2016, were, no surprise, the largest banks like JP Morgan.

But many smaller banks like Bank of the Ozarks (Nasdaq: OZRK– Free Report) have also gotten into the act and have large multifamily loan portfolios.

There is a real fear of an apartment bust. But is it exaggerated?

John explains what happens at the end of a lending cycle and whether or not we’re there right now in multifamily loans.

Housing Retailers Showing Strength

Maybe the way to “play” the resurgence of housing is through the retailers like Home Depot (NYSE: HD– Free Report)?

Home Depot has some of the strongest comparable store sales in the entire industry. Last quarter, it saw 6.6% same store sales in the United States.

When Millennials move into a new apartment, or buy a home, they will inevitably buy furniture, rugs, lamps and accessories.

What else should you know about the housing market and investing opportunities?

Tune into this week’s podcast to find out.

Eager to Learn How to Trade Options?

Have you always wanted to trade stock options but are unsure where to begin or what to look for?

Each week, Zacks’ Dave Bartosiak will bring you a detailed explanation of the trades “live” on YouTube.

Watch him go through the trade as he answers your questions in real time.

Become one of Dave’s minions. Join the Zacks Live Trader community today.

It’s now FREE.  Click here for a trial >>>

Tracey Ryniec manages the Insider Trader and Value Investor portfolios at Zacks.com. She hosts 2 weekly podcasts: Zacks Market Edge Podcast and the Value Investor Podcast. You can also catch her on Twitter at @TraceyRyniec.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time!  Click here for your free subscription to Profit from the Pros.

Get the full Report on KBH - FREE

Get the full Report on LEN - FREE

Get the full Report on OZRK - FREE

Get the full Report on HD - FREE

Follow us on Twitter:  https://twitter.com/zacksresearch

Join us on Facebook:  https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com/performance

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Bank of the Ozarks (OZRK) : Free Stock Analysis Report
 
Home Depot, Inc. (The) (HD) : Free Stock Analysis Report
 
Lennar Corporation (LEN) : Free Stock Analysis Report
 
KB Home (KBH) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research