Home builders (XHB -2.5%) have been selling off amid the surprise slight decline in new home...

|By:, SA News Editor

Home builders (XHB -2.5%) have been selling off amid the surprise slight decline in new home sales last month. MFR isn't buying into the housing recovery mantra, believing it will be "quite some time" before seeing sustained strength, owing to continued intense competition from a huge overhang of existing homes. HOV -5.6%, SPF -5.3%, PHM -4.7%.