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MARKETS: Homebuilders (XHB, LEN, TOL) need an upturn in housing data—New Home Sales on deck

Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest market moves after the FHFA House Price Index for August came in as expected at 0.3% and MBA Mortgage Applications jumped up 4.9% on the week.