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  • Housing Market On The Upswing, According To Leading Financial 0 comments
    Sep 18, 2012 4:21 AM

    In the article "U.S. Housing Market on Much Better Footing," Leong notes that this strong reading indicates builders are expecting a good flow of buying in the housing market.

    "Moreover, home prices, representing another key piece of the housing market, are edging higher," Leong points out.

    Leong highlights that the S&P/Case-Shiller index, comprised of the 20 largest U.S. metropolitan cities, increased a better-than-expected 0.9% in June, representing the fifth straight month of increases.

    Leong also points out that the marked improvement in the housing market is also showing up in the results of numerous homebuilder stocks.

    In the article, Leong does note that there are still some concerns towards the housing market; however, he expects housing to continue to improve, especially if the jobs market can get going.

    He reports that "Toll Brothers blew away the consensus earnings estimates in its fiscal third quarter after reporting $0.36 per diluted share, double the estimate of $0.18 per diluted share."

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