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.
Read more.. http://www.fool.com/investing/general/2014/07/23/dont-believe-housing-numbers-these-homebuilder-sto.aspx
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