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Home-Brew Your Own Housing Fund

Buy these 5 stocks to make a diversified play on the recovery

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Housing PricesIt’s official: The housing recovery is most certainly under way.

A number of homebuilders — including PulteGroup (NYSE:PHM) and Hovnanian (NYSE:HOV) — have seem shares run up by triple digits this year, and housing data just keeps getting better. Plus, last week, Home Depot (NYSE:HD) announced third-quarter results that were more than satisfactory and upped its guidance for all of 2012.

The economy certainly could use some good news, and this appears to be just the ticket.

Investors interested in playing the recovery could buy one of the ETFs that track the housing market, such as the SPDR S&P Homebuilders ETF (NYSE:XHB) or iShares Dow Jones US Home Construction (NYSE:ITB) fund. But if you want something that’s still diversified but a little more concentrated, consider home-brewing your own housing ETF of sorts by buying these five stocks from five different sectors:

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