Homebuilder Stocks

Homebuilder stocks have gone parabolic recently, despite worries and indications of interest rate increases. This type of contrary action should be of concern considering....unsold inventories of new homes were already at a five-year high in December and are likely to rise further after the huge starts number, unless sales similarly surprise to the upside. If rates do go up, and sales slow, these stocks will fall fast and hard. I am putting the homebuilders on my short watch list.