Market Currents
No bad news is good new for the homebuilders today, as the July Existing Home Sales report comes...
-
Wednesday, August 22, 2012, 10:46 AM ETNo bad news is good new for the homebuilders today, as the July Existing Home Sales report comes in largely as expected. Still, today's data shows that existing home sales are sharply underperforming the new home market, as seen in the contrast between today's small sales rise and last Thursday's 6.8% housing permits jump to a cycle-high 812k rate. TOL +4.7%, NVR +0.5%, DHI +5.1%, MDC +5.2%, LEN +4.9%, HOV +4,2%, RYL +4.8%, BZH +3.8%. ETFs: XHB +2%, ITB +2.8%.
Other date
Latest Articles
