NEW YORK (TheStreet) -- NVR(NVR Quote) is this week's hottest homebuilder stock, according to TheStreet users -- despite the fact that shares of the company ended the week lower 2% to $675.25.
Earlier this week the National Association of Realtors said pending home sales hit a two-year high, jumping 3.2% in July. Pulte Homes (PHM Quote) came in second at 26%, as shares of the company also closed the week down, by 2.5% to $12.34. Toll Brothers(TOL Quote)came in third with 18.6% of the vote while Lennar(LEN Quote) ranked fourth at 12.9%. KB Home(KBH Quote) came in last in the unscientific poll, with only 10.8% of respondents saying it was the strongest homebuilder stock. That homebuilder was actually upgraded earlier in the week to market perform from underperform by Raymond James, an analyst at Buck Horne, who said home sales are continuing to strengthen and KB's stock has underperformed recently. Shares of KB Home declined nearly 3% since the beginning of the week, to close on Friday at $17.70. -- Written by Jeanine Poggi in New York Follow TheStreet.com on Twitter and become a fan on Facebook.- Loading Comments...
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