(Reuters) - The Dow Jones U.S. Home Construction Index , a yardstick that measures home-builder performance, was down 2.24 percent.
The only region where home sales rose was in the West. Yet, that did not protect home builders, such as Standard Pacific Corp. , which focuses on that region. Its shares, which are more thinly traded than those of its larger brethren, fell 4 percent, or 94 cents, to $22.26 percent, in late morning trading on the New York Stock Exchange.
Read more at Reuters.com Business News
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