Housing Starts Shine Light on 2 Homebuilding Stocks

The housing market is under scrutiny today, after privately owned starts for July came in well above analysts' estimates at an adjusted annual rate of 1.428 million, while building permits fell 2.8% from June and missed expectations. Despite the mixed data, Lennar Corp (NYSE:LEN) and Toll Brothers Inc (NYSE:TOL) are enjoying afternoon gains.LEN Breaks Above Technical ResistanceLEN was last seen 1.6% higher to trade at $133.52, following Friday's rally to its highest level since January. The stock sports a 2 ...