Raymond James boosts the homeubilders

|By:, SA News Editor

Lennar (LEN) is the top pick, raised to Strong Buy from Buy, while Sell ratings are pulled on D.R. Horton (DHI) and KB Home (KBH) - both are now Holds.

Earlier: Overall mortgage applications fell 2.3% last week, but purchase apps rose 8%. Later: October existing home sales will be reported.

Related ETFs: XHB, ITB, PKB