Market Features
Is it time to raise the roof? Or at least put a new one on your home and put it up for sale?
In yet another sign the housing recovery might indeed be underway, existing home sales were better-than-expected in June sending shares of homebuilders into the green Thursday morning. The National Association of Realtors reported sales of previously occupied homes rose 3.6% in June to 4.89 million. Analysts had expected sales of 4.84 million units. This is the second day homebuilders saw some gains. On Wednesday, NVR's better-than-expected earnings report drove up the sector. Shares of Toll Brothers(TOL) jumped 3% to $18.45, NVR grew 3% to $601.47, Pulte Homes(PHM) rose 4.5% to $9.79, KB Home(KBH) increased 6% to $15.89, Lennar(LEN) spiked 6% to $11.27 and Centex(CTX) shot up 5% t5o $9.49.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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26.41 |
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2.99 |
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10.02 |
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0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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