Homebuilders Tick Lower on Weaker Existing Home Sales Data
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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).
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).
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