Homebuilder ETF rallies on sales surprise
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The SPDR S&P Homebuilders exchange-traded fund hit its highest level since early March after a better-than-expected report on single-family home sales
The largest homebuilder ETF surged to pre-crisis levels Tuesday on data showing a surprise increase in sales of new houses last month.
State Street’s SPDR S&P Homebuilders exchange-traded fund (XHB) rallied as much as 4.6% to the highest level since March 6. Purchases of single-family
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