November Housing Data Impacts Homebuilder Stocks

Reported 3 days ago

The US Census Bureau's November housing construction report revealed a 1.8% decline in overall housing starts, the lowest since July, yet single-family homes showed a 6.4% increase. Building permits also rose by 6.1%, prompting a mixed response from homebuilder stocks, with Lennar set to announce earnings after the market close.

Source: YAHOO

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