Homebuilders in a Hole

Weaker new and existing home sales, plus quarterly losses reported by D.R. Horton, Beazer Homes, and Ryland send the stocks to new lows for the year

Homebuilder stocks took another hit on July 26 after a fresh batch of poor quarterly financial results and new economic data reinforced investors’ concerns about a deepening slump in the U.S. housing market.

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