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XHB - Single-Family Housing Activity Shows Some Life
SPDR Series Trust Homebuilders
By Robert Hughes
Sales of new single-family homes jumped 4.5 percent in March to a 692,000 seasonally adjusted annual rate, the third monthly rise in a row, resulting in a 3.0 percent gain from a year ago. Sales increased in three of the four regions tallied: sales gained 17.6 percent in the Midwest, putting sales 1.2 percent above year-ago levels; they were up 6.7 percent in the West but 4.3 percent below the year-ago level; and sales increased 3.6 percent in the South, leaving that region's selling rate 9.3 percent above the year-ago pace. On