UTSanDiego.com

Apple Is Cheap, but Ocwen Is Even Cheaper!

Tickers in this article: ITB OCN LEN
NEW YORK ( TheStreet) -- There is only so much you can do to keep the housing market down. And heaven knows we have tried. But after four years of catastrophic conditions in the home building industry, housing is coming back.

For the skeptics who say it was down so low that up was the only direction left -- I say you are probably right.

Even so, more people need more and different places to live. Five years worth. And the entire industry is responding. So much so that housing is now the No. 1 rated sector in my Best Stocks Now app .

Data from Best Stocks Now App

I wrote back in early October about how this housing recovery is real. I wrote about the 12-month triple-digit returns amongst many of the homebuilding stocks . I showed how the building sector was ranked No. 2 at the time in my Best Stocks Now App.

I showed the returns of an exchange traded fund ( ITB (ITB) ) that tracks the U.S. home construction sector. I showed how it had soared almost 120% over the last 12 months. I embedded a link in the article that led to a recent interview I had with Mick Pattinson, an expert in the homebuilding industry, in my daily radio show "Best Stocks Now."

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I was shocked when I heard from him just how real this housing recovery really is. Let's not forget that we now have the lowest interest rates that we had for the last 100 years! How can this not help put the housing market on steroids?

I went on in the article to show how Lennar (LEN) was currently one of my top-rated stocks. Here is how it looks today:

Data from Best Stocks Now App

Data from Best Stocks Now App

Look at how shares of Lennar have risen in the ranks of the stocks that I track over the last three months. My proprietary ranking and grading system take into account value, performance, and safety. Lastly, I like to visually look at a chart also, before make move on what I consider to be a Best Stock Now.

I like to focus on stocks that are rated A- or better. Lennar currently falls just short of that because of valuation concerns. I would not be a seller of this stock however, I would just wait for a more opportune time to buy it.

A stock that is very attractively valued and linked to the housing sector is Ocwen Financial (OCN) . This Atlanta, Ga.-based mid-cap stock provides residential and commercial loan servicing, special servicing, and asset management services.