After falling sharply over the two prior sessions home builders got a bounce Tuesday with DR Horton (DHI) the best-performing stock in the S&P 500, joined by PulteGroup (PHM) and Lennar (LEN) among the leaders.
A May report on foreclosures from CoreLogic (CLGX) showed a sharp decrease from a year ago, with about 1 million homes in some stage of foreclosure, 29% fewer than a year ago. Completed foreclosures totaled 52,000, down 27% from May 2012.