Home Builders - Why So Blue?

The National Association of Home Builders (NAHB) reported its Housing Market Index (HMI). The HMI is a measure of homebuilder sentiment, and it showed homebuilders were blue about February. The shares of the SPDR S&P Homebuilders (NYSE: XHB) came down off a gap-open higher open once the HMI report was released. The report showed the HMI fell in February to 53, from 55 in January. Readings above 50 indicate a generally positive mood, but the decrease in the HMI was the third consecutive decline and it is approaching that breakeven mark. See my full report on housing here.

Homebuilder Shares	03-16-15
Pultegroup (NYSE: PHM)	+0.2%
D.R. Horton (NYSE: DHI)	+1.0%
K.B. Home (NYSE: KBH)	-0.4%
Toll Brothers (NYSE: TOL)	-0.6%
Beazer Homes (NYSE: BZH)	-0.7%
Ryland Group (NYSE: RYL)	+0.3%
Lennar (NYSE: LEN)	+0.2%
Hovnanian (NYSE: HOV)	-1.5%

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