No housing boom in these numbers, but a slow and halting recovery seems to be in place

No housing boom in these numbers, but a slow and halting recovery seems to be in place

Investors looking for a breakout in housing sales are disappointed with the data on home sales and housing starts released today and yesterday. That’s why shares of homebuilders such as Lennar (LEN) are down—by 2.5% in this instance—today. The recent huge rally in stocks in the sector has left them vulnerable to profit taking on anything less than stellar news.