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On a day with the market blistering higher, it's good to see some love return to the homebuilders, or homies as I like to call them.  Over the last month or so, this very same group was being targeted left and right by sellers.

Take Ryland Group (RYL - Snapshot Report) as the example.  The stock was punished for more than 18% over the one month period that started May 13 and ended June 13.   But since the morning of June 13th the stock is back up about  9.8%.  Quite a swing indeed.

Now comes today's run higher and there has got to be a sense of optimism over tomorrow's Permits and Housing Starts numbers.  The Permits are calling for 0.98M with the most recent report coming in at 1.01M.  In 2013, the permits number beat expectations Feb, March and a recent blowout number in May.  The strength from May should see some form of a revision and might have been a result of a very weak April.

In terms of housing starts, the market is looking for 0.95M after posting a 0.85M number last month. Like the permits number, April was super strong for starts, and May came in below forecasts.  So the idea of April pulling forward some of May is in there for both numbers.

The last bit of data comes on Thursday as we get existing home sales.  The market is looking for 5.01M and we last saw 4.97M.  This number is more of a barometer on the broader market than the builders themselves and may play more into general market confidence.  A strong number here would be good news for home goods suppliers like Lumber Liquidators (LL - Snapshot Report).

Could all of that data might be enough to cause a mini rally in homies like RYL, PHM and HOV?

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