Should you buy US housebuilders?

US housebuilders' share prices have risen sharply in the last few months, as the property market bottoms out. So is it time to buy in? Matthew Partridge investigates.

The American property industry has a lot to answer for. Dodgy subprime mortgages caused the financial crisis, costing taxpayers billions in bail-outs. And the bursting of the house price bubble has hammered the US economy.

However, many now claim that the worst may now be over. Warren Buffet recently said that "housing will come back you can be sure of that". With unemployment falling, there is even hope that people will start buying homes again.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri