Homebuilders Indicated Higher on Better-than-Expected Housing Start Data (XHB)
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Homebuilders stocks are seeing some interest this morning following the much better-than-expected housing start data. May housing starts came in at 532,000 versus the consensus of 485,000. Also building permits came in at 518,000 versus the consensus of 508,000.
Stocks: Toll Brothers (NYSE: TOL), Lennar (NYSE: LEN), DH Horton (NYSE: DHI), KB Homes (NYSE: KBH), MDC Holdings Inc. (NYSE: MDC) and Ryland Group Inc. (NYSE: RYL), Pulte Homes (NYSE: PHM), Standard Pacific Corp. (NYSE: SPF), Beazer Homes (NYSE: BZH) or Hovnanian Enterprises (NYSE: HOV)
Also the ETF SPDR S&P Homebuilders (NYSE: XHB) is trading up slightly this AM.
Stocks: Toll Brothers (NYSE: TOL), Lennar (NYSE: LEN), DH Horton (NYSE: DHI), KB Homes (NYSE: KBH), MDC Holdings Inc. (NYSE: MDC) and Ryland Group Inc. (NYSE: RYL), Pulte Homes (NYSE: PHM), Standard Pacific Corp. (NYSE: SPF), Beazer Homes (NYSE: BZH) or Hovnanian Enterprises (NYSE: HOV)
Also the ETF SPDR S&P Homebuilders (NYSE: XHB) is trading up slightly this AM.
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