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Wall Street foresees housing gains in 2013

Posted on 04 January 2013

There was so much excitement over Wednesday’s huge rally that it’s understandable that people missed the market’s renewed bet on housing. Homebuilding shares were higher. So were Home Depot, Lowe’s, Whirlpool and Stanley Black & Decker. The gains might have surprised investors figuring anything housing related might be ready for a fall.
The Philadelphia Housing Sector Index climbed 5.82 to 177.11 on Wednesday. The index, which tracks homebuilders, building materials companies and the like, soared 66.4% in 2012 and is up 218% from its bottom in March 2009……………………………………….Full Article: Source


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