May 09, 2013 (Fast Lane via COMTEX) -- Analysis was conducted on the Homebuilding industry to measure relative performance to find stocks that have underperformed. Relative underperformance is a possible bearish sign of underlying fundamental and technical weakness should it continue for an extended period of time. We looked at yesterday's price action of all companies in this peer group and measured their performance against one another. Hovnanian Enterprises (NYSE:HOV) ranks first with a loss of 0.34%; MDC Holdings (NYSE:MDC) ranks second with a loss of 0.16%; and Standard Pacific (NYSE:SPF) ranks third trading unchanged.
Meritage Homes (NYSE:MTH) follows with a gain of 0.08% and Lennar (NYSE:LEN) rounds out the bottom five with a gain of 0.19%.Hovnanian Enterprises, Inc. designs, constructs, and markets single-family homes, townhomes, and condominiums in planned residential communities. The Company operates in the states of New Jersey, North Carolina, Pennsylvania, Virginia, Maryland, New York, California, Texas, Tennessee, Alabama, and Mississippi, and in Poland. Hovnanian also provides mortgages to its homebuyers.
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