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As seen in the attached table of homebuilders the group is still a mixed bag with several homebuilders scoring high FusionIQ technical scores but many still with extremely low scores.
Today the group should be active as the Commerce Department is expected to report that construction of new single-family homes and apartments declined in April by about 0.7 percent to an annual rate of 940,000 units, according to the median estimate of economists polled by Thomson/IFR. Building permits, a harbinger of future activity, are anticipated to fall as well.
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