You Won't Believe Much The Homebuilder Stocks Have Rallied

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Monday, October 24, 2011 You Won't Believe Much The Homebuilder Stocks Have Rallied This morning, Citigroup analyst Josh Levin pointed out that inventory of available homes for sale has been collapsing, and that the media hasn't paid attention to this major shift in housing market dynamics. That may be true, but the market has definitely noticed something going on. The homebuilder stocks have been on a rocket-ride since the beginning of the quarter, with XHB (the homebduiler ETF) rallying a ridiculous 32% since its low on October 3. It hit a low of 12.21 and is now at around 16.12. This is a monster move in one of the most hated sectors in the world, and so obviously needs to be paid attention to. Read » Also On Money Game Today: THE DOWNLOAD: Europe's Messy Crisis Gets Uglier The 10 Biggest Problems With Doing Business In China A Complete Guide To Who's Freaking Out Over A Greek Default Copper Prices Spike On Bullish Economic Signals Around The World Advertisement CHART OF THE DAY: China Catches Up To The US In One Embarrassing Way CHART OF THE DAY: The New Scariest Chart In Europe CHART OF THE DAY: Inflation Is A Thing Of The Past Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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