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Thursday, September 19, 2013

Home builders rise on Fed, upbeat data.

Investors will likely be keeping a close eye on the homebuilders (XHB) after the sector got a big lift Wednesday from the Fed's decision to postpone the dreaded taper and from data which showed single-family housing starts rose 7% M/M to 628K in August. It's now a question of sustainability, as some wonder how well demand for housing will hold up in the face of tepid jobs growth once the FOMC finally takes the plunge and begins to scale back its asset purchases.

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