<< Read Full Article
<< Read Full Article
NEW YORK (AP) — Shares of homebuilders traded down Thursday after a pair of fresh reports indicated the housing industry's recovery will likely be slow and gradual.
Shares of KB home fell $1.31, or 9 percent, to $13.91, while shares of Hovnanian Enterprises Inc. shed 22 cents to $2.65. Pulte Homes Inc. stock fell 9 cents to $8.48, and Centex Corp.'s stock fell 87 cents to $8.08.
The Commerce Department said new U.S. home sales were almost flat last month. The 0.3 rise in sales in April — to a seasonally adjusted annual rate of 352,000 — came from a downwardly revised rate of 351,000 in March. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet