Home
building stocks get a lift from a positive NAHB number last few months,
as the sentiment reading for this month climbed to its highest
level in five years. It's important to note however, that despite
the improvement in starts, home building still remains well off
normal levels.
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Below these are the Home building (Residential construction) stocks of the day September18, 2013
Home builders boosted by Fed and home starts, but long-term
problems seen
Home builders enjoyed a double boost today from the Fed's
decision to maintain QE and keep interest rates low plus a report of resilient
construction of single-family homes in August, but the Fed’s action simply
kicks the can on a reduction of the bond-buying program and a subsequent
increase in rates.
ISI Group thinks the move doesn’t bode well in the long term
for home builders: "It speaks of prolonged economic weakness that
ultimately may negatively affect the builders if job growth continues its puny
pace."
But investors today were enjoying the short term, hoping a
halt or slight reversal in the rise in rates will help spark home sales: BZH
+4.4%, CVCO +4.8%, DHI +6.9%, HOV
+5.3%, KBH +8.2%, LEN
+6.5%, MDC +5.2%, MHO
+5%, MTH +6.8%, NVR
+3.9%, PHM +5.4%, RYL
+8.7%, SPF +4.4%, TOL
+5.1%.
ETFs: XHB, ITB, PKB.
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Below these are the Home building (Residential construction) stocks of the day September18, 2013
Home Building
Ticker Company Change
RYL Ryland Group Inc. 8.72%
GFA Gafisa S.A. 8.63%
KBH KB Home 8.22%
DHI DR Horton Inc. 6.92%
MTH Meritage Homes Corporation 6.83%
LEN Lennar Corp. 6.54%
PHM PulteGroup, Inc. 5.47%
HOV Hovnanian Enterprises Inc. 5.33%
MDC MDC
Holdings Inc. 5.20%
TOL Toll Brothers Inc. 5.17%
MHO M/I Homes, Inc. 4.99%
HXM Homex Development
Corp. 4.51%
BZH Beazer Homes USA Inc. 4.43%
SPF Standard Pacific Corp. 4.40%
XIN Xinyuan Real
Estate Co., Ltd. 3.95%
NVR NVR Inc. 3.93%
TMHC Taylor Morrison
Home Corporation 2.32%
TPH TRI Pointe
Homes, Inc. 1.07%
AVHI AV Homes, Inc 0.86%
CHCI Comstock
Homebuilding Companies Inc. -2.08%
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