LONDON, March 5, 2013 /PRNewswire/ --
Construction spending in the U.S. has improved significantly, thanks mainly to the recovery in the housing market. With mortgage rates at record low levels and huge pent up demand, the housing market is expected to continue to recover at a robust pace in 2013. Homebuilders such as Lennar Corporation (NYSE: LEN), KB Home (NYSE: KBH), D.R. Horton Inc. (NYSE: DHI), and The Ryland Group Inc. (NYSE: RYL) were among the best performing stocks in 2013 as the companies benefited from a rebound in the housing market. On Monday, shares of all four companies edged higher, tracking gains in the broad market. StockCall reviewed the solar industry and chose LEN, KBH, DHI, and RYL for its technical coverage. These free reports can be seen for free at
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Shares of Miami, Florida-based homebuilder Lennar Corporation rose sharply in Monday's trading session. The stock closed 2.63% higher at $39.86 on above average volume of 4.04 million. Year-to-date, Lennar's shares have gained more than 3%, underperforming the broad market. However, in the last one year, the stock has gained more than 73%. The company's shares are currently facing resistance at around $40. The stock is also trading below its 50-day moving average. Technical indicators for the stock are currently giving bullish signals, with the stock's MACD crossing above the signal line. The bullish trend is further confirmed by recent volume activity. Download the free research on LEN by signing up now at
http://www.StockCall.com/LEN030513.pdf
Shares of KB Home, the Los Angeles, California-based homebuilder, also rose sharply in Monday's trading session. The stock closed 1.86% higher at $19.12 on volume of 3.70 million. KB Home shares rose to an intra-day high of $19.15 yesterday. KB Home's shares are currently trading close to $19.50 resistance level. The stock has support at around $18.50. Year-to-date, KB Home shares have gained more than 21%, continuing their excellent run from 2012. The stock is currently trading well above its 50-day and 200-day moving averages. Register for today's free analysis on KBH at
http://www.StockCall.com/KBH030513.pdf
Shares of D.R. Horton Inc. rallied in Monday's trading session. The stock closed 3.24% higher at $23.24 on volume of 6.49 million. Year-to-date, the company's shares have now gained nearly 17.50%. The stock is currently trading close to $23.50 resistance level. Recent volume activity suggests that market sentiment has turned bullish on D.R. Horton. This is confirmed by the stock's MACD chart. The MACD histogram is showing decreasing downward momentum. The stock is currently trading above its 50-day and 200-day moving averages, which further confirms the bullish trend. Free report on DHI can be accessed by registering at
http://www.StockCall.com/DHI030513.pdf
Shares of The Ryland Group also rallied in Monday's trading session. The stock closed 3.53% higher at $36.95 on volume of 979,239. The company's shares rose to an intra-day high of $37 yesterday. Despite the sharp rise on Monday, the stock is just up a little over 1.20% for the year. The Ryland Group's shares are now approaching the $37 resistance level. The stock is currently trading above its 200-day moving average but below its 50-day moving average. The stock's MACD chart suggests that market sentiment has turned bullish. Register with StockCall and download the research on RYL for free at
http://www.StockCall.com/RYL030513.pdf
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