Real Estate

May 22, 2013
Architecture Billings Index reverses recent gains

The Architecture Billings Index switched gears and fell to 48.6 in April from 51.9 last month, showing a...

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Existing-home sales remain below underlying demand

After falling in March, existing-home sales increased in April, although they were still not enough to meet underlying demand due to limited inventory and tight credit. All regions recorded year-over-year price gains.

Recovering housing market buoys The Home Depot earnings

"In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a recovering housing market that drove a stronger-than-expected start to the year for our business," said Frank Blake, chairman & CEO of The Home Depot.

ReWired

And the top three homebuilder stock losers are...

With existing-home sales increasing in April and Ben Bernanke pointing to the housing market as a positive economic indicator of growth, all signs are pointing to a housing recovery. And yet, Wall Street is singing a different tune when it comes to three homebuilder stocks.

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