MDC Holdings ( MDC) ($32.93 vs. $33.08 on June 21) was hold rated on June 21 and is still rated hold. My weekly value level is $29.74 with a monthly pivot at $34.23 and quarterly risky level at $35.35.

M/I Homes ( MHO) ($23.85 vs. $23.08 on June 21) was hold rated on June 21 and is now rated sell. My semiannual value level is $22.88 with a quarterly pivot at $23.63 and monthly risky level at $26.30.

PulteGroup ( PHM) ($19.54 vs. $18.87 on June 21) was buy rated on June 21 and is now rated hold. My quarterly value level is $19.37 with a monthly risky level at $21.69.

Ryland Group ( RYL) ($40.20 vs. $38.65 on June 21) was buy rated on June 21 and is now rated hold. My weekly value level is $34.40 with a quarterly pivot at $41.16 and monthly risky level at $45.59.

Standard & Pacific ( SPF) ($8.56 vs. $8.36 on June 21) was sell rated on June 21 and remains sell rated. My semiannual value level is $7.58 with a semiannual pivot at $8.73 and quarterly risky level at $9.03.

Toll Brothers ( TOL) ($33.84 vs. $31.70 on June 21) was hold rated on June 21 and is now sell rated. My semiannual value level is $32.51 with a monthly pivot at $34.48 and quarterly risky level at $35.62.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.

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