U.S. Pending Home Sales Gain 4.5% M/M in January; Invetory Key Factor for FY13
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Homebuilding Stocks Solid on Strong Pending Home Sales
February 27, 2013 10:07 AM ESTHomebuilding stocks are mildly higher after strong pending home sales data. U.S. January pending home sales rise 4.5 percent from prior month. The Street was looking for a 1.9 percent rise. Today's news follow yesterday's strong new home sales data, which lit up the group.
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