US homebuilder stocks with attractive valuations despite unattractive building costs.
U.S. housing starts have been in a downtrend since peaking almost a year ago at 1.79 million. Housing starts refers to the number of new residential construction projects that have begun during any particular month. March and preliminary numbers for April starts have come in way above expectations at 1.45 million and 1.42 million, respectively, compared with a low of 1.31 million in February.
We focused on companies with low levels of debt amid a higher interest rate environment, capping debt-to-equity at 0.60, The higher the ratio, the more leveraged the company is. Finally, we screened for companies indicating a TC Quantamental Rating of 6 or higher. The TC Quantamental Rating is a proprietary stock rating methodology developed by Trading Central. This metric rates stocks on a scale of one to 10, with 10 being the most bullish and one being the most bearish. TC Quantamental rating uses a combination of valuation, growth, quality, price momentum, and income factors as key metrics when rating a company.
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