Round Of Positives Shining On Homebuilders

By | June 26, 2014

Scalper1 News

Homebuilders are showing relative strength, thanks to a round of good news in the housing market. On Monday, the National Association of Realtors reported that existing-home sales climbed 4.9% in May to an annual rate of 4.89 million units. That marked a second-straight month of rising sales and it was also the biggest gain since August 2011. Then, on Tuesday, a report from the Commerce Department saidsales of new homes bolted 18.6% in May to a Scalper1 News

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