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Month’s Worst Sectors Losing Over -20% (ABK, MBI, MTG, PMI, HOV, PHHM, SPF, BZH, NVR, CKEC, RHIE, DWA)

Posted by Jason Smith at 3:11PM on June 10th

It’s been an ugly month for the equity markets, but some sectors have been hit much harder than others. On a trailing monthly basis, three of tickerspy’s worst-performing sector-based Indexes have slid by -20% or more.

As a whole, the Surety…

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Week’s Worst Sectors Lose Over -7% (FAF, MTG, MBI, CLGX, HOV, SPF, PHM, LEN, CSIQ, STP, LDK)

Posted by Jason Smith at 2:27PM on June 4th

Stocks nosedived on Friday to wipe out what would have been a week ended in positive territory, and a look at sub-sector performance shows that numerous industries got slammed to the tune of -5% losses or more.

As a whole,…

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Data Lifts Homebuilders After Tuesday’s Sell-Off (BZH, HOV, MTH, SPF, NVR, RYL, XIN, CVCO, SKY)

Posted by Anita Godse at 11:06AM on June 2nd

Pending home sales numbers were better than expected in April. The National Association of Realtors’ index was up 6% to 110.9, well above the 4.3% consensus. According to coverage by The Wall Street Journal, the March figure was revised to…

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Tax Credit-Fueled Numbers Send Homebuilder Stocks Soaring (HOV, BHS, XIN, RYL, MHO, SPF, PHHM)

Posted by Anita Godse at 11:38AM on May 26th

On Wednesday, the Department of Commerce estimated that new-home sales rose nearly 15% in April to a seasonally-adjusted annual rate to 504,000—the highest levels since May 2008. This was significantly higher than estimates projecting an annual rate of 425,000. A…

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Week’s Top Sectors Surge By 10% Or More (ECPG, PRAA, PHHM, HOV, PHM, LEN, WDC, STX, ISLN, STEC)

Posted by Jason Smith at 1:28PM on April 23rd

The markets pushed higher again this week, and a number of sectors tallied huge gains on earnings news, economic data, and overall optimism for a continued recovery.

The Bill Collector Stocks Index is adding 4.6% to an impressive 16.5% weekly rally today…

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Economists Forecast 5.2% Sequential Home Sales Growth In March (HOV, SPF, BZH, HD, LOW, KIRK, WSM)

Posted by Owen Vater at 8:57AM on April 22nd

Homebuyers are running out of time to take advantage of government incentives, and that’s led to a pickup in activity as the April 30 deadline approaches. According to the Associated Press, economists are expecting the National Association of Realtors to…

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Homebuilders Break Out On Economic Optimism (HOV, MHO, BZH, LEN, SPF, PHHM, CVCO, BHS)

Posted by Owen Vater at 1:58PM on April 14th

Mortgage applications fell last week, marking the Mortgage Bankers Association index’s biggest drop since February, according to Bloomberg’s coverage Wednesday morning. Under normal circumstances one might expect a decline in mortgage applications to weigh on homebuilding stocks, but that’s far from…

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Homebuilders Rally Despite Record Low February Sales (PHHM, LEN, HOV, TOL, BZH, DHI)

Posted by Jason Smith at 1:49PM on March 24th

February new home sales were down by -2.2% to a new record low according to a Commerce Department report this morning, but investors are bidding up homebuilders across the board. The decline came as a surprise to analysts, who expected…

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Buffett’s Letter Sees Housing Rebound, Explains Stock Sales

Posted by Max Magee at 8:45AM on March 1st

Warren Buffett’s closely watched annual letter, released on Saturday, showed optimism for the housing industry, noted that his legendary company Berkshire Hathaway (NYSE: BRK.A, BRK.B) plays better defense than offense, and explained the reasoning behind sales of certain holdings.

Buffett’s annual letter…

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NAR: Tax Credits Masking Broad Improvement in Housing Trends (DHI, MHO, SPF, HOV, TOL, LEN)

Posted by Owen Vater at 10:49AM on February 2nd

The National Association of Realtors’ pending home sales index met expectations with a 1% rise in December, and homebuilding stocks are responding in a big way. The uptick follows a sharp decline in November when the proposed deadline for first-time…

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