Home Builders Demolished By Weak Earnings
July 25, 2013 at 12:26 PM EDT
Home builder stocks have had their ups and downs over the last few months. But on Thursday, the sector collapsed like a faulty roof. Investors were already skittish in the face of rising mortgage rates. But stocks are plunging across the board in response to disappointing financial reports released today by PulteGroup (PHM) and D.R. Horton [...]