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Examples
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Housing stocks rose on the data, with the home-builder ETF gaining 19 cents, or 1%, to close at $18.61.
Bearish Housing Bets Near 15-Month Low Brendan Conway 2011
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"Buyers need to see steady/rising prices on their current homes, which would provide more confidence to buy the new home," noted Dan Oppenheim , a home-builder analyst with Credit Suisse.
Toll Brothers Narrows Loss Dawn Wotapka 2011
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The number of bullish contracts traders are using to anticipate gains in the home-builder ETF has dropped, too, data from options analytics firm Trade Alert show.
Bearish Housing Bets Near 15-Month Low Brendan Conway 2011
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The move, known as a "delta neutral" trade, saw sophisticated investors sell volatility on the expectation that the home-builder ETF won't make any significant swings in price.
Bearish Housing Bets Near 15-Month Low Brendan Conway 2011
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Tuesday's volume in options on the home-builder ETF hit nearly six times typical levels after a large trade in bullish call options to buy the ETF.
Bearish Housing Bets Near 15-Month Low Brendan Conway 2011
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They, too, will likely cut prices in coming months to salvage the selling season, said Daniel Oppenheim, a home-builder analyst with Credit Suisse.
Existing-Home Sales Tick Up, but Prices Slip S. Mitra Kalita 2011
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In addition, home-builder confidence rose in October to the strongest level since June, according to the NAHB/Wells Fargo Housing Market Index, he said.
Mortgage Rates Head Upward, for a Change Amy Hoak 2010
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But his fund is sticking to its short position on the home-builder sector.
How to Rest Easy in a Crazy Market Michael A. Pollock 2011
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European stocks bounced back from early losses to end higher Monday, boosted by a modestly upbeat session in the U.S. on the heels of strong earnings from Citigroup and a report showing increased optimism in the home-builder sector.
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XHB is the ticker symbol for the home-builder fund.
Bearish Housing Bets Near 15-Month Low Brendan Conway 2011
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