Home builder, real estate services stocks surge on surprise jump in new home sales
Marketwatch -

Shares of housing market companies enjoyed a broad rally Friday, after data showing that new home sales surprisingly rose, and sharply, in the face of other signs showing a slowdown in the housing sector. The SPDR S&P Homebuilders ETF rallied 2.9% in morning trading, with all 35 components trading higher. Among the more active home builders, shares of Lennar Corp. hiked up 2.1%, D.R. Horton Inc. rose 1.7% and PulteGroup Inc. climbed 2.1%. Also in the homebuilders ETF, Home Depot Inc.'s...

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