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September 7, 2018

Homebuilder stocks sag as U.S. home sales slow

  • Most builders are down more than 15 percent this year.
  • By ALEX VEIGA
    AP Business Writer

    A slowdown in U.S. home sales is weighing on homebuilder stocks.

    Most of the builders are down more than 15 percent this year, even as the broader market has been on a milestone-setting run. The S&P 500, the market's benchmark index, is up about 8 percent for the year.


     
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