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Raising the roof with recent housing sector insider trading

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Insider trading — particularly when clusters of executives are buying their own small-mid cap stocks — can be useful in forecasting future stock movement (in this case, up).

The Motley Fool ran a really good article detailing all the insider purchases occurring in the housing sector (or ancillary sectors that might rise in sympathy with a rebound in housing).

Company Industry Insider Trend
Cousins Properties ($CUZ) Real Estate Investment Trust Insiders like Lawrence Gellerstedt (CEO) and Taylor Glover (Chairman) bought $709,733 worth of stock between 8/12-8/24
Winthrop Realty Trust ($FUR) Real Estate Investment Trust Insiders like Michael Ashner (CEO) and Lee Seidler (Director) collectively bought about $2.46M worth of stock between 8/13-9/27
Gordmans Stores ($GMAN) Home Furnishing Stores Insiders like Debra Kouba (Officer), Richard Heyman (CTO), Jeffrey Gordman (CEO), Johanna Lewis (Officer), Michael James (CFO), and Michael Morand (Officer) collectively bought $532,221 worth of stock between 8/11-9/27.
Lennar ($LEN) Residential Construction Sidney Lapidus (Director) bought $97,500 worth of stock on 8/19
La-Z-Boy ($LZB) Home Furnishings & Fixtures Edwin Holman (Director) bought $20,568 worth of stock on 8/31
MFA Financial ($MFA) Real Estate Investment Trust Insiders like William Steven Gorin (President), Robin Josephs (Director), and Timothy Korth (General Counsel) collectively bought $136,778 worth of stock between 8/5-8/26
Select Comfort ($SCSS) Home Furnishings & Fixtures Jean Michel Valette (Director) bought $130,000 worth of stock on 8/27

Source: 7 Insider Executives Betting on a Housing Recovery (Motley Fool)

photo courtesy familymwr

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