Home builders follow other stocks in another down day worldwide

Housing-Market-Losing-MomentumBy Mike Sunnucks | Phoenix Business Journal

Home builders’ stocks, like the rest of the stock market from Wall Street to Hong Kong, took it on the chin again Thursday.

Scottsdale-based Meritage Homes (NYSE: MTH) closed down 4.3 percent in Thursday trading, ending at $28.44 per share, according to Google Finance. Meritage’ stock started the year at $33.56 per share.

Home builder stocks have taken a beating recently, going along with the rest of the stock market.

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