These will likely prove to be isolated bright spots in an economy on the precipice of a further decline. Housing recoveries traditionally lead broader recoveries. Homebuilders are not recovering, reflecting the inability of the housing sector to lead the economy out of recession. D.R. Horton and Pulte are not doing nearly as well as they were a year ago. Their optimism for future growth is delusional.
The recession never ended. More confirmation is coming soon.
Full disclosure: No positions in any companies referenced.