Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of gypsum materials maker USG
So what: The Commerce Department just reported the largest number of new housing unit starts in nearly two years, followed by more freshly issued building permits. That's great news for drywall specialists like USG and Eagle Materials
Now what: The obvious question now: could this homebuilding rally be sustainable? The industry simply must bounce off rock-bottom at some point, and this could be it. I wouldn't take out a second or third mortgage to bet on that possibility, but homebuilders and their materials suppliers suddenly look interesting.
Interested in more info about USG? Click here to add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.