10 ways to make real money

Homebuilder stocks, which were already down 69% from their 2005 peak, have fallen 25% since May. But analysts say the long-term outlook is solid. Builders have restructured debt and dumped land. Smaller builders have gone under, so big firms are poised to grab market share when housing rebounds. Finally, today's low level of building is unsustainable.

How to invest: Lennar was among the first to return to profitability after the housing crash; analysts at J.P. Morgan look for earnings per share to roughly double between this year and next. KB Home is expected to become profitable next year for the first time since 2007. A less risky option than a single stock: iShares Dow Jones US Home Construction, an ETF with about 64% of its assets in homebuilders.

What could go wrong: Homebuilder prices jump around a lot as monthly data are released about starts, sales and homebuilder confidence. And with unemployment remaining high, it might take longer than the optimists hope for construction and profits to pick up again.

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