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Tuesday, August 12, 2008

Home Builders' Stocks Surge

From Realtor Magazine Online, Daily Real Estate News August 12, 2008

Monday was the best day for homebuilders’ stocks in a long time.

Several builders’ stocks were up by at least 5 percent, with Beazer Homes USA Inc. rising 23.7 percent.

Shares of Hovnanian Enterprises Inc. rose about 8.6 percent.

Lennar Corp. rose about 7.2 percent and KB Home’s shares rose 8.5 percent. Centex Corp. was up 6.2 percent, Toll Brother rose 5.9 percent, D.R. Horton Inc. climbed 5.6 percent, and Pulte Homes increased 5.6 percent.

Source: The Associated Press (08/11/08)
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