7 Insider Executives Betting on a Housing Recovery

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Wall Street is anything but immune from the woes of Main Street -- so in the wake of the latest foreclosure mess, experts are predicting that the market could take a hit. Even as banks are starting to lift their foreclosure suspensions, it's becoming apparent that the damage may already be done.

Suddenly, investors who were snapping up and flipping foreclosed homes are squeamish about buying, and with good reason.

For one, they're not going to purchase these homes unless they're pretty certain they can sell them, and quickly.

Two, if the foreclosure debacle worsens the already-depressed state of the housing market, these homes could be even cheaper next year, so why not hold off until then?

And three, given the uncertainty surrounding mortgage titles, how do these investors even know they legally own the property? What's more, their title insurance may not even cover them if past owners come crawling out of the woodwork to reclaim what's technically still theirs.

These investors have played a huge part in clearing the surplus inventory of homes; and if they're not buying, total home sales could slow dramatically.

It's a gloomy picture, to be sure -- but could investors be overreacting to the housing market's woes? That's a tough question -- so we took a look at what the insiders are doing to get some answers ...

Here's a list of housing stocks that have seen substantial insider buying over the last few weeks. If company management is continuing to buy its own stock, it's a good sign that the bad news might already been priced in, and it's only a matter of time before things start looking up.

These executives seem to think the worst is over for the housing market -- do you? (Click here to access free interactive tools to analyze these ideas.)

Insider trading data sourced from AOL Money. The list has been sorted alphabetically.



Insider Trend

Cousins Properties (NYSE: CUZ  )

Real Estate Investment Trust

Insiders like Lawrence Gellerstedt (CEO) and Taylor Glover (Chairman) bought $709,733 worth of stock between 8/12-8/24

Winthrop Realty Trust (NYSE: FUR  )

Real Estate Investment Trust

Insiders like Michael Ashner (CEO) and Lee Seidler (Director) collectively bought about $2.46M worth of stock between 8/13-9/27

Gordmans Stores (Nasdaq: GMAN  )

Home Furnishing Stores

Insiders like Debra Kouba (Officer), Richard Heyman (CTO), Jeffrey Gordman (CEO), Johanna Lewis (Officer), Michael James (CFO), and Michael Morand (Officer) collectively bought $532,221 worth of stock between 8/11-9/27.

Lennar (NYSE: LEN  )

Residential Construction

Sidney Lapidus (Director) bought $97,500 worth of stock on 8/19

La-Z-Boy (NYSE: LZB  )

Home Furnishings & Fixtures

Edwin Holman (Director) bought $20,568 worth of stock on 8/31

MFA Financial (NYSE: MFA  )

Real Estate Investment Trust

Insiders like William Steven Gorin (President), Robin Josephs (Director), and Timothy Korth (General Counsel) collectively bought $136,778 worth of stock between 8/5-8/26

Select Comfort (Nasdaq: SCSS  )

Home Furnishings & Fixtures

Jean Michel Valette (Director) bought $130,000 worth of stock on 8/27

Interactive Chart: Press Play to see how analyst opinion has changed on all the stocks mentioned above.

Disclosure: Kapitall's Eben Esterhuizen and Alicia Sellitti do not own shares of any companies mentioned.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1344858, ~/Articles/ArticleHandler.aspx, 10/21/2016 2:46:59 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,145.06 -17.29 -0.10%
S&P 500 2,140.76 -0.58 -0.03%
NASD 5,252.19 10.36 0.20%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 2:31 PM
CUZ $7.91 Down -0.12 -1.49%
Cousins Properties CAPS Rating: No stars
FUR $0.00 Down +0.00 +0.00%
Winthrop Realty Tr… CAPS Rating: ***
LEN $41.14 Down -0.26 -0.63%
Lennar CAPS Rating: **
LZB $22.61 Down -1.90 -7.75%
La-Z-Boy CAPS Rating: *
MFA $7.28 Up +0.01 +0.17%
MFA Financial CAPS Rating: *****
SCSS $19.04 Up +0.05 +0.26%
Select Comfort CAPS Rating: *****