Pulte (PHM +0.1%) and Lennar (LEN +0.3%) hit 52-week highs, with Deutsche Bank's Nishu Sood...

|By:, SA News Editor

Pulte (PHM +0.1%) and Lennar (LEN +0.3%) hit 52-week highs, with Deutsche Bank's Nishu Sood saying (video) that the strength in the homebuilding sector has year "has been surprisingly strong." The "momentum could see a bit of a dent" if jobs growth slows, but "if we can continue to muddle through," the recovery "will continue."