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Housing  - new home sales

News

What the August New Home Sales Report Means for Mutual Fund Investors

Shauna O'Brien Sep 24, 2014



Inside the August New Home Sales


From August 2013, new home sales have risen 33%. The report indicated that the number of homes available on the market has declined. If this continues, it may be good news for homebuilders including KB Home (KBH), Lennar (LEN) DR Horton (DHI) and Ryland Homes (RY).

On Wednesday, KB Home released its third quarter earnings results, which came in higher than a year ago.

Investors have seen disappointing results in new home sales and housing starts over the last few months, but many investors are seeing an upside after this latest report.


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