Homebuilders Tick Lower on Weaker Existing Home Sales Data

Home builders are on watch following lower than expected existing home sales data. Dat out moments ago showed existing homes sales fell 1% to 4.94M versus an expected 5.1 million. Homebuilders ticked lower on the headlines, but are currently holding in relatively well.

Stocks & ETFs to Watch:
PulteGroup (NYSE: PHM), Toll Brothers (NYSE: TOL), Hovnanian Enterprises (NYSE: HOV), DH Horton (NYSE: DHI), Ryland Group Inc. (NYSE: RYL), Beazer Homes (NYSE: BZH), Lennar (NYSE: LEN), and KB Home (NYSE: KBH). SPDR S&P Homebuilders (NYSE: XHB).

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• Wells Fargo sees near term downside for S&P 500, remains bullish long-term
• Duolingo (DUOL) to Join S&P MidCap 400; Cable One (CABO) to Join S&P SmallCap 600