Homebuilder Stocks on Watch on Weaker New Home Sales Data

Homebuilder stocks on watch following New Home Sales data, which was lower than expected. New Home Sales (Dec) 369,000, versus an expected 385,000. Last month was revised up from 377,000 to 398,000.

Stocks & ETFs to Watch:
PulteGroup (NYSE: PHM), Toll Brothers (NYSE: TOL), Hovnanian Enterprises (NYSE: HOV), DH Horton (NYSE: DHI), Ryland Group Inc. (NYSE: RYL), Beazer Homes (NYSE: BZH), Lennar (NYSE: LEN), and KB Home (NYSE: KBH). SPDR S&P Homebuilders (NYSE: XHB).

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