Tuesday, May 22, 2007

Shares of Homebuilders Jump After Treasury Secretary Says Housing Slump Mostly Over

NEW YORK (AP) -- Shares of the nation's largest homebuilders rose Tuesday after U.S. Treasury Secretary Henry Paulson said the housing slump is near its end.
In an interview on CNBC, U.S. Treasury Secretary Henry Paulson said the housing slowdown is "largely" over and "contained," according to a report from Dow Jones Newswires...

M/I Homes Inc., up $1.57 at $29.51
Standard Pacific Corp., up $1.15 at $22.20
Hovnanian Enterprises Inc., up $1.18 at $25.63
Meritage Homes Corp., up $1.59 at $36.24
Toll Brothers Inc., up $1.39 at $30.20
DR Horton Inc., up 94 cents at $23.76
Beazer Homes USA Inc., up $1.63 at $36.65
Pulte Homes Inc., down a penny at $14.04

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