Homebuilders get a boost today from higher-than-anticipated new home sales in March. Sales of new single-family houses were at a seasonally adjusted annual rate of 328K, 7.1% below February, but 7.5% better than the prior year period: PulteGroup (PHM +5.5%), KB Homes (KBH +4.5%), DR Horton (DHI +4%), Beazer Homes (BZH +3.7%), Toll Brothers (TOL +2.6%).
Homebuilders get a boost today from higher-than-anticipated new home sales in March. Sales of...
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