Morningstar has posted an article and homebuilder stocks, including specific recommendations like Toll Brothers. Sometimes when everyone else is running for cover thats the time to buy.

“Second, we run through the land inventory account. Because the land approval process is becoming more difficult–thanks to stricter zoning laws and NIMBY (not in my back yard) movements–homebuilders have prudently invested in land for future development. Many own or option enough land to meet two to six years of future demand. We prefer builders with a higher proportion of optioned to owned land; options are cheaper and easier to walk away from or renegotiate. By contrast, creditors may force a fire sale on owned land.”

From Yahoo