Housing Slump Is Over!
Let's party! Sorry fellow bubble watchers, it's time to move to Denver. 
>>>>>>>>>>
In an interview on CNBC, U.S. Treasury Secretary Henry Paulson said the housing slowdown is "largely" over and "contained," according to a report from Dow Jones Newswires.
After five years of record sales volume and prices, the housing market turned sour last year as the supply of houses outpaced demand and tighter lending standards has reduced the pool of potential buyers. The Commerce Department reports Thursday on new home sales for April, while the National Association of Realtors reports Friday on existing home sales for April.
Here is how the stocks of some key homebuilders fared Tuesday:
M/I Homes Inc., up $1.57 at $29.51
Standard Pacific Corp., up $1.15 at $22.20
Hovnanian Enterprises Inc., up $1.18 at $25.63
Meritage Homes Corp., up $1.59 at $36.24
Toll Brothers Inc., up $1.39 at $30.20
DR Horton Inc., up 94 cents at $23.76
Beazer Homes USA Inc., up $1.63 at $36.65
Pulte Homes Inc., down a penny at $14.04
>>>>>>>>>>
In an interview on CNBC, U.S. Treasury Secretary Henry Paulson said the housing slowdown is "largely" over and "contained," according to a report from Dow Jones Newswires.
After five years of record sales volume and prices, the housing market turned sour last year as the supply of houses outpaced demand and tighter lending standards has reduced the pool of potential buyers. The Commerce Department reports Thursday on new home sales for April, while the National Association of Realtors reports Friday on existing home sales for April.
Here is how the stocks of some key homebuilders fared Tuesday:
M/I Homes Inc., up $1.57 at $29.51
Standard Pacific Corp., up $1.15 at $22.20
Hovnanian Enterprises Inc., up $1.18 at $25.63
Meritage Homes Corp., up $1.59 at $36.24
Toll Brothers Inc., up $1.39 at $30.20
DR Horton Inc., up 94 cents at $23.76
Beazer Homes USA Inc., up $1.63 at $36.65
Pulte Homes Inc., down a penny at $14.04
Comments