New home sales up, existing home sales down New Home Sales Report More Upbeat Than That For Existing Homes
Nov 29

Late Monday morning one of Citigroup’s analysts, Stephen Kim,
downgraded the entire homebuilding sector because he
could not find anything to suggest that the residential housing market
would improve until the second quarter of 2008.

Kim downgraded stocks of seven of the largest
homebuilders
from a…

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