U.S. homebuilders stumbled earlier this week after numbers showed sales of new homes declined for the second consecutive month. On Monday, the Commerce Department reported sales of new homes declined 7.0 percent in December, following a 3.9 percent declined in November. For the full year, new home sales totaled 428,000 in 2013, an increase of 16.4 percent and the highest since 2008. Here is how some homebuilders reacted Tuesday:

Lennar Corporation (NYSE: LEN) shares traded in the range of $37.24 to $39.16 Tuesday before settling to close at $38.52, an increase of 4.48 percent. The stock appears to be facing some resistance at the $38.97 and $39.75 levels with some support at $37.73. The company reported new orders of 4,498 homes in the fourth quarter of 2013, an increase of 13.0 percent year-over-year. Shares of Lennar have fallen approximately 2.5 percent year-to-date.

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

PulteGroup, Inc. (NYSE: PHM) shares traded in the range of $18.90 to $19.55 Tuesday before settling to close at $19.45, an increase of 3.96 percent. The stock appears to be facing some resistance at the $20.11 and $20.84 levels with some support at $19.33. The company is scheduled to release its fourth quarter and full year 2013 results before market open on Thursday, January 30th. Shares of PulteGroup have fallen approximately 4.0 percent year-to-date.

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

The Ryland Group, Inc. (NYSE: RYL) shares traded in the range of $42.16 to $43.55 Tuesday before settling to close at $43.28, an increase of 4.14 percent. The stock appears to be facing some resistance at $44.56 with some support at the $43.28 and $42.85 levels. The company is scheduled to release its fourth quarter and full year 2013 results before market open on Thursday, January 30th. Shares of The Ryland Group have gained approximately 5.0 percent in the past year.

More information on The Ryland Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RYL

Standard Pacific Corp. (NYSE: SPF) shares traded in the range of $8.46 to $8.79 Tuesday before settling to close at $8.78, an increase of 5.02 percent. The stock appears to be facing some resistance at the $8.82 and $9.05 levels with some support at $8.63. The company is scheduled to release its fourth quarter and full year 2013 results before market open on Thursday, January 30th. Shares of Standard Pacific have fallen approximately 3.0 percent year-to-date.

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

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