Homebuilder stocks climb after August's new home sales blowout

4 hours ago 2
Unfinished wood frame building or framing beam of new house

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Homebuilder stocks perked up in Wednesday trading after new home sales surged more than expected in August, according to U.S. Census Bureau data.

iShares U.S. Home Construction ETF (BATS:ITB) gained 0.6% in midday trading. However, in the longer run, the sector's

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