NEW YORK ( TheStreet) -- Homebuilder stocks were the 2013 leaders until peaking in mid-May. My benchmark for the housing market is the PHLX Housing Sector Index (^HGX) which peaked at 210.01 on May 20, up 22.6% on the year, leading all industry groups I have been tracking. Thursday the housing index set a 2013 low at 164.03, down 4.2% on the year. The index ended Friday virtually flat on the year.The attempt at building new foundations began at 10 a.m. Thursday with the release of the National Association of Home Builders Housing Market Index which showed a rise of three points in August to a reading of 59, well above the neutral reading of 50, the highest in nearly eight years. Officials from the NAHB say that builders are seeing increased foot traffic and with firming prices potential buyers are anxious to find the right deal on a new single-family home.
Beazer, Lennar, Pulte, Other Homebuilders Fall Off Multi-Year Highs
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