All the signs so far are suggesting that the housing market in general is recovering, of course varying from region to region in terms of pace. Usually in this kind of circumstances, you will see more IPOs coming up for this sector. Just saw the news that 2 new IPOs are scheduled on Jan 31, just 3 days away.
One is Tri Pointe Homes (NYSE: TPH), a Canadian home builder currently building homes in California and will be expanding to other regions as the opportunities arise. TPH was created in 2009 and therefore was not impacted by the housing crisis.
The other company is Gladstone Land Corp. (Nasdaq: LAND). I'm personally more interested in this one as this is a company specialized in acquiring farmland for leasing to food and vegetable companies. While this is not the typical housing company, it is a good diversification in the real estate portfolio. With fast increasing of the world population, shortage of arable land, upcoming inflation, and natural disasters, etc, the demand for food will only increase at a fast pace.
Will see how these 2 companies will be doing at IPO and hopefully at some point they can be bought at a reasonable price.
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