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-0.00052574780707818 -0.00100998920833459 -0.00633664462215333 -0.00813525554110529 -0.0021168266969203 0.0048700849497773 0.00092697639669046 -0.00163258529566409
Stock impact report

Home builder, real estate services stocks surge on surprise jump in new home sales [MarketWatch]

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Company Research Source: MarketWatch
The SPDR S&P Homebuilders ETF XHB, rallied 2.9% in morning trading, with all 35 components trading higher. Among the more active home builders, shares of Lennar Corp. LEN, hiked up 2.1%, D.R. Horton Inc. DHI, rose 1.7% and PulteGroup Inc. PHM, climbed 2.1%. Also in the homebuilders ETF, Home Depot Inc.'s stock HD, gained 1.7% and Builders FirstSource Inc. shares BLDR, surged 6.3%. In the real estate services space, shares of Redfin Corp. RDFN, jumped 2.4% and Anywhere Real Estate Inc. HOUS, climbed 2.0%. The U.S. Commerce Department said Friday that new home sales rose 10.7% to a seasonally adjusted rate of 696,000 in May from a revised 629,000 in April, while expectations were for a decline to 587,000 from an initial April estimate of 591,000. That followed data last week that showed existing home sales falling for the fourth-straight month, and housing starts that dropped to a two-year low. Show less Read more
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