Everyone Hates Housing. Perfect.

Housing is broken. So why buy housebuilders?

New home sales the lowest in four years. Existing home sales stuck near historic lows, as homeowners cling to mortgages priced far below anything available today. The macro data is ugly, earnings haven’t offered much relief, and housing remains one of the most under-owned and heavily shorted corners of the market.

Which is precisely why it is getting interesting.