May 10, 2013 (Fast Lane via COMTEX) -- Below are five companies in the Homebuilding industry that underperformed yesterday on a relative basis. This analysis was compiled based on yesterday's trading activity as we search for stocks that have could possible underperform its peers going forward.
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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