Time to Book Profits on D.R. Horton, KB Home, Lennar, Pulte, Ryland, Toll Bros.

NEW YORK (TheStreet) -- With the housing market stalled shy of its potential, investors who bought homebuilders D.R. Horton (DHI - Get Report), KB Home (KBH - Get Report), Lennar (LEN - Get Report), Pulte Group (PHM - Get Report), Ryland Group (RYL) or Toll Brothers (TOL - Get Report), recently should consider booking their profits. The mixed housing market data releasedover the last month should put a cap on further share price gains for these homebuilder stocks for now.

The most positive housing data recently released showed that sales of new homes in planned communities rose by 7.8% in February to a seasonally adjusted annual rate of 539,000 units. Thatwas the highest level of new home sales since February 2008.

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However,strength in that data seriesdoes not jibe with the report of seasonally-adjusted single-family housing starts for February, which plunged 15% to an annual rate of 593,000. Single-family housing starts remain well below the normal annual rate of 1.1 million to 1.2 million units. Single-family starts are a broader measure of the market for new homes, as theycapture both new building in planned communities and homes custom-built on individual properties.

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Time to Book Profits on D.R. Horton, KB Home, Lennar, Pulte, Ryland, Toll Bros.