Welcome to MutualFunds.com. Please help us personalize your experience.
Your personalized experience is almost ready.
Check your email and confirm your subscription to complete your personalized experience.
Thank you for your submission, we hope you enjoy your experience
Shauna O'Brien Sep 24, 2014
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.
|FSHOX||Fidelity® Select Construction & Housing Portfolio||LEN KBH RY|
|CGMFX||CGM Focus Fund||LEN|
|FDVLX||Fidelity® Value Fund||KBH|
Subscribe to receive FREE updates, insigns, and more, straight to your inbox