26.08.2010 - Housing's a wreck. Builders rally. Huh?
From CNNMoney.com: Stop me if you've heard this before. The housing market is still in shambles. Existing home sales plummeted in July. New home sales sunk as well, hitting a record low. And even though luxury homebuilder Toll Brothers reported a surprise quarterly profit Wednesday, that was largely due to a tax break. Sales were down slightly from a year ago and orders dropped 16%. Despite this, some investors appear willing to once again bet that the housing market has hit bottom. Shares of Toll Brothers (TOL) were up more than 2% in early afternoon trading..............................................Full Article: Source
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