Don't Believe Housing Numbers: These Homebuilder Stocks Could Go Higher (DHI, HOV, PHM)

Homebuilders took a hit when the National Association of Homebuilders, or NAHB, reported a surprise drop in new home construction for last month. Housing starts plummeted 9.3% in June and May data was revised lower. This was in contrast to expectations for new construction of 1.02 million on a seasonally adjusted annual rate, or SAAR, slightly above the 1.0 million reported in May.

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Rent Prices Inch Up in Second Quarter Nationwide

The median entry-level rent prices for the nation went up by 1.44 percent
in the second quarter of 2014, according to Apartment Guide data.

As of April 1, 2014, the nationwide median entry-level rent price was $765;
it had increased to $776 by June 30.

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