Homebuilders Rise; Analysts At Citi Bullish

By | December 23, 2013

Scalper1 News

Homebuilder shares gained Monday as optimism about the housing market solidified. The industry is wrapping up a volatile year as consumers interested in buying homes returned, helped by a modest economic recovery, improving employment picture and low interest rates. But fears about a Fed pullback that could have sent mortgage rates soaring, among other concerns, weighed on shares. While interest rates are rising slowly, and may further once the Scalper1 News

Scalper1 News