Homebuilders buck turmoil with best gain in 9 months

homebuildersBy John Gittelsohn | Bloomberg

In a week when stock markets were roiled over concern that the global economy is faltering, U.S. homebuilders had the biggest gain in almost nine months.

The 11-member Standard & Poor’s Supercomposite Homebuilding Index rallied 6 percent since Oct. 10, the largest weekly increase since January, as global turmoil fueled a plunge in mortgage rates and housing starts jumped. The broader S&P 500 Index (SPX) fell for a fourth week.


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.