NEW YORK -- An 11% jump in new-home sales in June sent homebuilders' shares surging Monday at midday.Market watchers are poised for the beginning of a recovery in the protracted housing slump that helped drag the country into the longest recession of the postwar era, now nearing 20 months. Monday's report follows a string of positive signals on home construction, housing starts and homebuilders' sentiment from earlier this month.
Homebuilder Winners and Losers: Beazer Homes
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.