|Bid||32.54 x 2000|
|Ask||32.68 x 1000|
|Day's Range||32.59 - 32.85|
|52 Week Range||25.16 - 33.44|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
Sales of newly constructed homes fell 11.4% in April, a large drop from March and big miss from expectations. The seasonally-adjusted annual rate of 569,000 was down from 642,000 in March, a number that was revised higher, according to the latest data from the Census Bureau. "I can't blame the weather for that," quips Peter Boockvar of The Lindsey Group. Realtor.com senior economist Joseph Kirchner believes sales are crimped by low inventory.
Newly constructed homes were sold at a slower pace than economists expected in April, but that was offset by much stronger data from prior months.
Earnings fueled big upside moves Friday as the U.S. stock market extended its gains and emerging markets recovered from a tumultuous Thursday.