Positive news supporting the U.S. housing market?s recovery has continued to roll in. The NAHB/Wells Fargo homebuilder sentiment index surged to 52 in June from 44 in May, which was the biggest month gain since 2002 and the highest reading in seven years. Despite the recent the recent positive data shares of homebuilders fell Wednesday after the Federal Reserve announced it would maintain its current stimulus measures. Here is how some companies reacted to the new Wednesday:
Beazer Homes USA, Inc. (NYSE: BZH) shares traded in the range of $19.32 to $20.05 Wednesday before settling to close at $19.72, a decrease of 1.20 percent. The stock appears to be facing some resistance at $22.73 with support at $19.38. Shares of Beazer Homes have fallen approximately 11.4 percent in the past month.
More information on Beazer Homes and access to the free equity report can be found at:
Lennar Corporation (NYSE: LEN) shares traded in the range of $37.77 to $39.52 Wednesday before settling to close at $37.85, a decrease of 3.74 percent. The stock appears to be facing resistance at the $38.08 and $38.45 levels. Shares of Lennar have fallen approximately 13.6 percent in the past month.
More information on Lennar and access to the free equity report can be found at:
PulteGroup, Inc. (NYSE: PHM) shares traded in the range of $20.73 to $21.60 Wednesday before settling to close at $20.76, a decrease of 3.40 percent. The stock appears to be facing resistance at the $21.13 and $21.69 levels. Shares of PulteGroup have fallen approximately 13.3 percent in the past month.
More information on PulteGroup and access to the free equity report can be found at:
Standard Pacific Corp. (NYSE: SPF) shares traded in the range of $8.92 to $9.29 Wednesday before settling to close at $8.95, a decrease of 2.93 percent. The stock appears to be facing resistance at $8.95 with some support at $8.70. Shares of Standard Pacific have fallen approximately 6.3 percent in the past month.
More information on Standard Pacific and access to the free equity report can be found at:
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