Homebuilders are broadly lower following the latest drop in home prices, with no relief in...

|By:, SA News Editor

Homebuilders are broadly lower following the latest drop in home prices, with no relief in sight. Monthly data showed declines in 19 of the 20 regions, and 11 regions posted new record cycle lows: Atlanta, Charlotte, Chicago, Detroit, Las Vegas, Miami, New York, Phoenix, Portland, Seattle, and Tampa. DHI -5.6%. LEN -4.4%. TOL -3.9%. PHM -6.6%.