- A check of the homebuilders following Hovnanian's big earnings miss and slowdown in closings (HOV now down 6.6%): NVR (NVR -1.5%), D.R. Horton (DHI -1.1%), KB Home (KBH -1.8%), Pulte (PHM -0.8%), Ryland (RYL -1.5%), Toll Bros. (TOL -0.3%), Lennar (LEN -1%).
- So what's the SPDR Homebuilders ETF (XHB +0.1%) doing in the green? The ETF has a heavy weighting to those tangential to the homebuilding industry - retail home improvement, building suppliers. More of a pure-play homebuilder fund is the iShares U.S. Home Construction ETF (ITB -0.8%).
Homebuilders lower after Hovnanian results
From other sites
at CNBC.com (Dec 2, 2014)
at CNBC.com (Nov 13, 2013)
Video at CNBC.com (Apr 22, 2013)
at CNBC.com (Apr 20, 2013)
at CNBC.com (Feb 21, 2013)
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