Homebuilders Rebound Amid Recovery In Sales, Earnings

By | February 3, 2014

Scalper1 News

Homebuilders have jumped up the industry group ranks amid low interest rates, slow-but-steady job growth and strong earnings. On Monday, the 27-stock Building-Residential/Commercial group was at No. 38 out of the 197 industries tracked by IBD. That’s up from No. 173 six weeks ago. The group includes IBD Leaderboard stock Toll Brothers (TOL), which is working on a cup-with-handle base with a 37.35 buy point. The luxury homebuilder briefly cleared Scalper1 News

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