Stocks Crossing 50-Day SMA 12/27: (DECK) (EXPE) (AUO) Above; (SPY) (AKS) (LEN) Below
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Homebuilders Slip as More Good News Sickens Sugar-High Investors
December 27, 2012 11:24 AM ESTThe latest homebuyer figures today showed November new homes sales rose to their highest level in 2-years, at 377,000. This was ahead of revised October figures showings sales of 361,000 and in-line with estimates for 380,000. The increased pace of buying comes as mortgage rates remain near record lows.
Despite the positive data, shares of many homebuilders... More
