Mon, 13 Aug 2012 10:31:25 GMT
U.S. homebuilder shares advance
U.S. homebuilder shares rose at a record-high rate in 2012, showing confidence the property rebound may expand with new-home sales still 50% below a 40-year average. The S&P Supercomposite Homebuilder Index surged 53% in 2012 through Aug. 10. Stocks climbed as new-home sales showed a seasonally-adjusted annual rate of 350,000 in June, from 304,000 a year earlier.