May 20, 2013 at 17:28 PM EDT
Homebuilders Rebound With Assist From Pulte, Ryland
Homebuilders sprang back into the top 50 groups on Monday among the 197 industries tracked by IBD, just ahead of existing- and new-home sales numbers for April due out Wednesday and Thursday. Homebuilders tumbled out of the leading ranks in February as stocks including Lennar (LEN), Hovnanian Enterprises (HOV) and MI Homes (MHO) saw their uptrends collapse. Home markets have continued to make choppy progress, but rising materials and labor prices
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