September 21, 2012 at 15:23 PM EDT
Homebuilder ETFs Rally on Housing Data
U.S. homebuilder confidence rose this month to its highest level in six years and analysts expect the housing recovery to strengthen in the next six months. SPDR S&P Homebuilders Index (NYSEArca: XHB) has gained about 30% over the past three months, as sentiment toward the housing market has...
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