U.S. homebuilders have experienced a pullback recently on concerns that mortgage rates would soon follow surging treasury yields. The iShares Dow Jones US Home Construction ETF (NYSEARCA: ITB) has fallen approximately 7.8 percent in the past month. On Friday, the 10-year Treasury notes jumped to 2.70 percent, the highest since August 2011, on a strong U.S. jobs report. The Labor Department reported the U.S. added 195,000 jobs June, economist had expects a gain of 165,000 according to Bloomberg. The unemployment rate remained unchanged at 7.6 percent. Here is how some homebuilders reacted Friday:

Hovnanian Enterprises, Inc. (NYSE: HOV) shares traded in the range of $5.30 to $5.61 Friday before settling to close at $5.37, a decrease of 2.72 percent. The stock appears to be facing resistance at the $5.37 and $5.74 levels with some support at $5.21. Shares of Hovnanian Enterprises are down approximately 12.5 percent in the past month.

More information on Hovnanian Enterprises and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HOV

M.D.C. Holdings, Inc. (NYSE: MDC) shares traded in the range of $29.86 to $32.39 Friday before settling to close at $29.99, a decrease of 6.65 percent. The stock appears to be facing resistance at the $31.53 and $32.54 levels. Shares of the M.D.C. Holdings are down approximately 15.5 percent in the past month.

More information on M.D.C. Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MDC

Meritage Homes Corp. (NYSE: MTH) shares traded in the range of $41.18 to $44.78 Friday before settling to close at $42.01, a decrease of 5.60 percent. The stock appears to be facing resistance at the $42.12 and $42.76 levels with some support at $40.35. Shares of Meritage Homes are down approximately 9.2 percent in the past month.

More information on Meritage Homes and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MTH

Standard Pacific Corp. (NYSE: SPF) shares traded in the range of $7.62 to $8.18 Friday before settling to close at $7.85, a decrease of 2.85 percent. The stock appears to be facing resistance at the $7.97 and $8.31 levels with some support at $7.82. Shares of Standard Pacific are down approximately 9.8 percent in the past month.

More information on Standard Pacific and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SPF

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