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Investors eye improvements in data for housing stocks

2015-06-20 04:38:19| Real Estate - Topix.net

Housing stocks rallied on Friday and the industry group should get more good news next week, though sustained and robust future gains may depend on wage growth and other signs of improving home affordability. On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar posted stronger-than-expected quarterly earnings and revenue as it sold more homes at higher prices.

Tags: data eye housing improvements

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