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Builders Riding Housing Boom

Interesting article by Daniel Gross at Slate on how builders' geographical diversification makes them less susceptible to a housing market crash: "In the housing bubble, the customers are acting crazy, while executives and the stock market are behaving rationally... Many of the builders sport price-to-earnings ratios of about nine and pay small dividends?hardly the characteristics of bubble stocks. There may be a bubble in housing, but there isn't one in the stocks of the home builders."
· Building a Better Bubble [Slate]
· Toll Brothers (NYSE:TOL) [Y! Finance]
· WCI Communities (NYSE:WCI) [Y! Finance]
· Lennar Corp. (NYSE:LEN) [Y! Finance]