Homebuilder stocks outperform in January | Bedford Hills Real Estate

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Homebuilder stocks continued to outperform last week with Keefe, Bruyette & Woods reporting that homebuilder stocks jumped 4.1% for the week ending Jan. 25.
That is up from the S&P 500's 1.1% increase in the same week and the S&P 500 Financial Index's 1.3% jump, KBW said.
"Building products companies and mortgage insurers were strong, while non-agency REITs and mortgage servicers were weak," KBW noted when comparing builders to other parts of the housing industry.
Homebuilder stocks are up 10.9% month-to-date, compared to only a 5.3% increase for the S&P 500 and a 6% increase for the S&P 500 Financials Index.
"In 2012, homebuilder stocks were up 122.8% vs. +13.4% for the S&P 500 and +26.3% for the S&P Financials Index," KBW analysts said. "Historically, homebuilders have outperformed the S&P 500 in January by 3.5-6.0%."
via housingwire.com

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