A Fresh Boost for Homebuilders

Goldman Sachs upgraded its opinion on the sector, saying the odds of a turnaround are likely to increase after the 2007 selling season

Homebuilders have been bringing out the bad news for the last few months: buyers are nixing orders, the value of their land inventories has eroded, and profits are harder to come by. But recent indicators, such as the homebuilder D.R. Horton (DHI)'s earnings results on Jan. 23, have beat market expectations.

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