Hottest Homebuilder Stock: NVR Tops Poll
NEW YORK (
) --
NVR
(NVR) - Get Report
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
hit a two-year high, jumping 3.2% in July.
Pulte Homes
(PHM) - Get Report
came in second at 26%, as shares of the company also closed the week down, by 2.5% to $12.34.
Toll Brothers
(TOL) - Get Report
came in third with 18.6% of the vote while
Lennar
(LEN) - Get Report
ranked fourth at 12.9%.
KB Home
(KBH) - Get Report
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
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