The Trend In U.S. Housing Is Up... And Taking Paint With It
Companies / Housing Stocks Apr 16, 2013 - 06:09 PM GMTEverywhere we look, we see more confirmation that Steve was "right on" with his bullish housing call from two years ago...
Over the past year, we've pointed to uptrends in Home Depot, homebuilder stocks, and "fixture" suppliers as evidence the housing market is improving. These home-specific stocks are among the biggest stock-market winners of the past few years.
Another big housing winner is Sherwin-Williams (NYSE: SHW). Sherwin-Williams is one of America's largest paint makers. If you've ever built, improved, or remodeled a home, you've probably been in a Sherwin-Williams store. That's why the company's fortunes are tied with the housing market.
As you can see from the chart below, Sherwin-Williams' fortunes are on the rise. In early 2010, shares traded for around $60. Now, they sit near multiyear highs of $170. The trend in housing is up... And it's taking paint with it.
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