The confidence of US single-family homebuilders continued to improve for the fourth consecutive month in April due to increased demand for new houses which resulted from a shortage of previously owned homes and falling mortgage rates, suggesting the residential real estate market is slowly recovering.
Therefore, I think it might be ideal to add leading homebuilding stock M/I Homes, Inc. (MHO) to your portfolio, which is ranked at the top in the Homebuilding industry in our proprietary rating system.
