October 26, 2010

Housing Data Disappoints. Stocks Down.

"A disappointing report. Home prices broadly declined in August. Seventeen of the 20 cities and both composites saw a weakening in year-over-year figures, as compared to July, indicating that the housing market continues to bounce along the recent lows."

David M. Blitzer, chairman of the index committee at Standard & Poor's

related: iShares Dow Jones US Home Const. (ETF) (Public, NYSE:ITB), Lennar Corporation (Public, NYSE:LEN), D.R. Horton, Inc. (Public, NYSE:DHI) , PulteGroup, Inc. (Public, NYSE:PHM) , The Ryland Group, Inc. (Public, NYSE:RYL)

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