Housing Stocks Move Lower Despite Solid Starts

BRANDON, Fla. - April 17, 2013 - PRLog -- April 17, 2013 — Housing stocks were under pressure on Wednesday despite a better than
expected housing starts release which was reported by the US government on Tuesday.

A recent article published in Wealth Advisor Club suggests that a decline in single-family home
construction is masked by the huge jump in multi-family home construction.

According to the article, the Commerce Department released housing starts on Tuesday which showed a
climb of 7%, with a 33% rise in multi-family housing starts and a 4% decline in single-family home starts.
The disparity is weighing on the home-builder sector, as the broader markets slide. The article also
described the price action of the S&P Home Builders ETF which has been under pressure recently.

Later in the week, investors will need to absorb data on existing home sales, which reflects currently
build homes. Later in the month new home sales will be released.

For more information visit http://thewealthadvisorsclub.com/business/1123/housing-stocks-move-
lower-despite-solid-starts.php/