April 15, 2013 at 15:31 PM EDT
Homebuilders Tumble But Picture May Not Be So Bleak
Rising costs for lumber and other building materials, and difficulty in securing buildable lots pinched homebuilders' mood for a third straight month. Large publicly traded builders, including PulteGroup (PHM), D.R. Horton (DHI) and Lennar (LEN), fell despite having relatively healthy land holdings, relative to the plethora of small independent builders whose views are most closely reflected by the National Association of Home Builders' monthly
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