UBS calls the bottom of the new-home market, as it upgrades D.R. Horton (DHI -0.5%), Lennar (LEN...

|About: D. R. Horton Inc. (DHI)|By:, SA News Editor

UBS calls the bottom of the new-home market, as it upgrades D.R. Horton (DHI -0.5%), Lennar (LEN +0.7%) and Meritage Homes (MTH -0.2%). "Sales and prices will be relatively stable as we head through the back half of this year," UBS says. But while data indicates a bottom for sales and prices, "very little suggests that conditions are likely to improve in the near term."