POINT ROBERTS, Wash., May 24, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors specializing in sector stock research including homebuilder stocks reports on trading for the sector following news that US home sales rose in April to an annual rate of 323,000 , up 7.3% . Several homebuilder stocks had an immediate bounce to the upside following the data released.

Homebuilder Stocks

• Beazer Homes USA, Inc. (NYSE: BZH) trading at $3.6150, down 0.0550 (1.50%) 12:31PM EDT with a high of $3.77 in earlier trading
• Hovnanian Enterprises, Inc. (NYSE: HOV) trading at $2.5850, up 0.0550 (2.17%) 12:17PM EDT

• KB Home (NYSE: KBH) trading at $11.25, down 0.11 (0.97%) 12:30PM EDT, with an earlier high of $11.54
• PulteGroup, Inc. (NYSE: PHM) trading at $7.52, down 0.01 (0.13%) 12:35PM EDT, with a high of $7.70

Market Snapshot

• Dow 12,366.58 -14.68 -0.12%
• Nasdaq 2,749.43 -9.47 -0.34%
• S&P 500 1,316.20 -1.17 -0.09%
• 10 Yr Bond (%) 3.1510% +0.0170
• Oil 98.44 +0.74 +0.76%
• Gold 1,512.30 -3.00 -0.20%

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