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Homebuilders slip today on weaker than anticipated earnings out of NVR and a miss on Existing...

Homebuilders slip today on weaker than anticipated earnings out of NVR and a miss on Existing Home Sales numbers for March: [(XHB -0.6%, [HOV]] -1.6%, MTH -0.6%, RYL -1.3%, TOL -1.4%, TPH -0.4%, DHI -0.2%, KBH -0.2%, LEN -1.2%, SPF -1%. Home improvement superstore operators also feel the pinch: (HD -0.4% and (LOW -1.2%.
Comments (2)
  • WMARKW
    , contributor
    Comments (10463) | Send Message
     
    Wait.....what about the rebound?
    22 Apr 2013, 05:55 PM Reply Like
  • Tack
    , contributor
    Comments (13576) | Send Message
     
    Yeah, what about it?

     

    Seems like home sales and prices are up quite a bit, and those that invested in the sector have cleaned up in the past couple years. Today's number represent a 0.6% decline for a single month. This gets pessimists titillated?

     

    Did I miss something? All the homebuilders, shown in red in the above headline, had big, green up days by the close
    22 Apr 2013, 06:14 PM Reply Like
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