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I admit I missed the upward move on the SPDR S&P Homebuilders ETF (XHB), which has returned more than 40% YTD through Oct. 24. I've been expecting a slight uptick in housing and home sales but didn't expect stock prices on homebuilders to increase so dramatically - certainly not on the hope of an increase in home sales driven by lower mortgage rates.
The pace of home sales has accelerated in recent months and though they can be volatile from month to month, the general trend has been upward - a positive development