) -- 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.
, and on Monday
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,
fell 1% to $16.97,
sank 7% to $10.94 and
dropped 2% to $12.
-- Reported by Jeanine Poggi in New York.
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