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While April's surprising 5.5% decline in pending home sales is nothing to celebrate,...
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Wednesday, May 30, 2012, 3:15 PM ETWhile April's surprising 5.5% decline in pending home sales is nothing to celebrate, MKM Partners finds it consistent with its view of a choppy early-stage housing recovery, and isn't overly concerned that a recovery is at risk. The firm sticks with its call to buy homebuilder stocks (XHB -3.7%) such as Toll Brothers (TOL -5.8%) and Pulte (PHM -4.1%) on dips.
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-July 11, 2007
from Between The Hedges website regarding a Bloomberg article that day