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Now Nation's 8th Largest Homebuilder

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Has it really come to this?

The Journal's Dawn Wotapka writes:

"As the housing and financial crisis struck several years ago, the large publicly traded builders, including D.R. Horton Inc. (DHI)  and KB Home (KBH), pulled back. But Habitat kept building.

Habitat, a Christian group founded 34 years ago in Americus, Ga., around a philosophy of constructing and rehabilitating homes for low-income families, was recently ranked as one of the nation's top 10 builders for the first time in a closely watched industry list compiled by Builder Magazine. Habitat was ranked eighth, based on the number of homes sold and closed, placing it above Ryland Group Inc. (RYL) and behind Hovnanian Enterprises Inc. (HOV)."

But the housing market is rebounding, isn't it? If the people on the tee-vee say it's so, then it gotsta be, right?




Oh, and if you think it doesn't matter, the Atlantic is happy to explain why it really does.
POSITION:  No positions in stocks mentioned.