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Housing Starts Moving Homebuilder Stocks

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the markets.

  • Duration 0:58
  • Date

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Completely different direction housing starts they hit a four year high today the -- any impact on the market.

-- -- we're seeing some of these home -- moving higher again building permits have helped the script.

Move along throughout the year 2012 Lennar for example is hitting -- new 52 week high.

Housing starts jumped 15% in September to four year high building -- higher and yesterday we heard about home builder confidence.

At the highest level in six years I mean doesn't seem too good to be -- -- -- -- I'm not.

You know not a house announced some folks on Wall Street are mixed on the numbers but the truth of the matter is that these reports that we're getting at how these stocks.

Jump over a 100%.

Year to -- some names such as -- group Standard Pacific KB home.

And out Ryland is up almost a hundred -- up about a 100% or more this year up a 100%.

Gets our attention I do between I think all I like it take it right -- -- -- with a -- -- I would.

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