Just as a rising tide floats all boats, positive housing reports lift not only homebuilders' stocks, but those of companies that are less visibly involved in a rebounding housing market, such as cabinet and flooring installers and roofing contractors. If you are still unconvinced that housing is making a comeback, read on for some uplifting news from some companies that can be counted on to perk up right alongside a brightening housing picture.
Every new house needs flooring, and two companies have been nailing down some improving numbers so far this year. Mohawk Industries
To top it all off, Beacon Roofing
For Masco and Interface, a rebound in housing has had a direct effect upon their sunnier financial profiles already, and they should continue to experience an improving business climate as long as housing data remains positive. A better housing picture can only help Mohawk and Beacon, too, both of which will certainly be beneficiaries of new housing starts. If the recent auction of bundled foreclosure properties by Fannie Mae to large investor groups works out well, there should be plenty of work to go around in the renovation field, as well. When it comes to playing the housing investment market, these four companies are well worth keeping an eye on.
Housing-related stocks are not the only ones that are benefiting from a rebounding economy. Check out some investment ideas that may not have crossed your radar screen in our free report today!
Fool contributor Amanda Alix owns no shares in the companies mentioned above.
The Motley Fool owns shares of Interface. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.