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Homebuilders Get a Boost Post- FHA Report

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  • Description

    FBN’s Nicole Petallides with an afternoon market update.

  • Duration 1:09
  • Date

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The call that a ladies who live on the floor of the New York Stock Exchange.

Looking at a market here that has up as the Dow Jones industrials are up 53 points right now -- -- -- sat hopman.

0% as is looking to see whether now we have a winning week on Wall Street know -- close folks 121000.

815 is where we close last Friday so this would mean we're down seven of nine weeks exceed the homebuilders up there we're gonna talk about -- -- others.

A couple of things you're Carolyn Dennis talking about the FHA numbers that have come out pointing to sixteen point three billion dollar deficit in October and may need.

Taxpayer bailout and -- -- out the reason why I'm thinking that these stocks may be higher -- obviously we've seen strength in the housing market that there was up UBS presentation today where there was chatter there that that the jump that we've seen her and slight growth that we've seen in housing.

Really could be sustainable and so with that we're seeing this group here names like -- and -- leading -- major averages each gaining.

More than 4% so that's a great day.

For these -- others vaccination a couple of cases and isn't homebuilders and they go there the numbers Nicole thank you very much receive very sand.

We'll after a lot of talk about this.

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