Homebuilders Bring Down The House Following June Pending Home Sales

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Major US home builders move lower after June's Pending Home Sales (MoM) released below consensus expectations 0.50 percent, releasing at -1.10 percent for the month of June, coming in 7.20 percent lower than May's release of 6.10 percent. The Ryland Group, Inc.
RYL
- nearly 4 percent Lennar Corporation
LEN
- 2.76 percent Toll Brothers Inc
TOL
- nearly 2 percent KB Home
KBH
- 2.36 percent D.R. Horton, Inc.
DHI
- 2.13 percent PulteGroup, Inc.
PHM
- 1.55 percent
Posted In: NewsEcon #sMoversConsumer DiscretionaryHomebuilding
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