Despite the ongoing weakness in housing, shares of homebuilders (XHB +2.5%) are up sharply today after Pulte (PHM +6.7%) says orders for the first two months of 2011 rose 11% Y/Y, and MDC Holdings (MDC +7.6%) is upgraded by two Wall Street analysts. Also: DHI +3.7%, KBH +3.4%, LEN +3.4%, TOL +3.3%, HOV +3.7%, [RYL]] +4.6%, SPF +2.9%.
Despite the ongoing weakness in housing, shares of homebuilders (XHB +2.5%) are up sharply today...
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