Premarket Alert: Housing plays may be active in today's trading (KBH, CTX, TOL, RYL, HD)

Posted in General 
June 26th, 2009

Housing stocks may be active afer KB Home (NYSE: KBH) posted a smaller-than-expected loss, and the company said that it’s starting to signs that negative housing market trends may be moderating. The company said increasing consumer confidence is among the factors that says the market may be approaching stability.

KB Home (NYSE: KBH) shares are up about 1.5% near $15 in early trading. Other housing stocks to watch include luxury builder Toll Brothers Inc. (NYSE: TOL), Ryland Group Inc. (NYSE: RYL), Centex Corp (NYSE: CTX), and potentially other stocks tied to housing such as Home Depot Inc. (NYSE: HD). — Mike Tarsala

Comments are closed

-->