Should You Buy Homes Now

Now is the time to buy homes,said Mark Kiesel,manager of a PIMCO Investment Grade Corporate Bond Fund.There's a lot of pent-up demand for housing because rental prices are going up.A lot of the inventories are older.
Invest in building materials companies as well as construction.Timberland owner Weyerhaeuser gets 75% of its income from housing.Consider USG Corp. and Masco Corp.USG provides construction materials such as Sheetrock and Durock,while Masco offers building supplies,construction materials and contractor services.
Whirlpool gets 62% of its income from replacement,so remodeling benefits them.
Get into the emerging markets.We like to invest in 2-3 times the overall growth rate in fields such as gaming;gas distribution in China;and emerging markets banks.Brazil and Peru will see a lot of emerging markets growth.
Mr.Kiesel has an MBA from the University of Chicago Graduate School of Business.He is Morningstar's 2012 Fixed Income Manager of the Year.
Weyerhaeuser(WY),USG Corp.(USG),Masco Corp.(MAS),Whirlpool(WHR),PIMCO Investment Grade Corporate Bond Fund Instl(PIGIX)

Should You Invest in Housing

I think housing has turned around,said Rebecca Patterson,Managing Director and Chief Investment Officer at Bessemer Trust.There's a slow improvement in consumer wealth.
We're being very selective on the financials that we own right now.We're gonna be judicious in what we own.It's definitely less than what we had in the past.
We don't want to get over-excited about housing.There's a good trend to play there,but it's not easy money,Ms.Patterson cautioned.
Consider the homebuilders;home improvement firms;financials;and mortgage-backed securities,or MBS.MBS can have structural flow support longer than was expected.
Rebecca Patterson has an MBA from New York University;an MA in International Economics from the Johns Hopkins University School of Advanced International Studies;and a BS in Journalism from the University of Florida.She had been a journalist covering economics and financials for the Associated Press and Dow Jones,parent company of The Wall Street Journal.
KB Home(KBH),Toll Brothers(TOL)

Economy Disappointing,But Not In Recession-the view from Barclays Capital

Recent economic reports serve to refute the notion that the US is in a recession,according to Dean Maki,PhD,Chief US Economist at investment bank Barclays Capital.We believe Q3 will be stronger than Q2.Profits were by and large flat in Q2.That's really disappointed people.
We think people have to trim their expectations.They have to hire,and that cuts into profit growth.That's where we are right now.It could be a rocky road,in our view,within Europe.Ultimately,we do think they will put a handle on things.
Our view is that the Federal Reserve will not launch QE3 in September.With a significant rise in gas prices, spending will be crimped in coming months.Housing is one of the pieces we find we're most sure of in terms of a recovery.We think it will continue.
Dr.Maki has a PhD in economics from Stanford University.The Minnesota native worked as a Senior Economist at the Federal Reserve with former Chairman Alan Greenspan.
QE3 would be a further effort by the Federal Reserve to stimulate the US economy.
Barclays(BCS)