This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pending Homes Sales Jump for Fifth Month

WASHINGTON ( TheStreet) -- Pending home sales, a barometer for future home sales, rose in June for the fifth straight month, according to the National Association of Realtors.

Its pending home sales index jumped 3.6% to 94.6 from 91.3 in May. Economists expected the index to come in at 91.2.

Earlier today, D.R. Horton (DHI - Get Report) said it narrowed its loss in the third quarter, and on Monday Centex (CTX) swung to a first-quarter profit.

But shares of homebuilders were in the red on Tuesday morning, as investors are apparently remaining cautious on interpreting the trends. Centex tumbled 6% to $10.72, KB Home (KBH - Get Report) fell 1% to $16.97, Pulte Homes (PHM - Get Report) sank 7% to $10.94 and Lennar (LEN - Get Report) dropped 2% to $12.

-- Reported by Jeanine Poggi in New York.
Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CTX $25.68 0.20%
DHI $29.99 -2.09%
KBH $13.39 -2.79%
LEN $44.72 -2.38%
PHM $18.20 -1.30%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs