(Bloomberg) -- U.S. stocks rose after sales of new
homes jumped the most in 14 years, spurring speculation that the
housing slump is nearing an end.
Pulte Homes Inc. and KB Home led all 16 homebuilders in
Standard & Poor's indexes higher after the Commerce Department
said purchases increased 16 percent in April.
Read more at Bloomberg Stocks News
homes jumped the most in 14 years, spurring speculation that the
housing slump is nearing an end.
Pulte Homes Inc. and KB Home led all 16 homebuilders in
Standard & Poor's indexes higher after the Commerce Department
said purchases increased 16 percent in April.
Read more at Bloomberg Stocks News
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