October 24, 2012 at 10:28 AM EDT
New Home Sales Rise to 2-Year High; Market Shrugs
The market was mostly unimpressed at the pace of gains in the housing market in September, even as new single-family home sales rose to a seasonally adjusted two-year high. Stocks remain higher on the day, but homebuilders actually fell on the news before rebounding slightly. KB Home (KBH) is up about 1%. The Dow was [...]
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