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Existing home sales turn south, stocks turn up.

BY HBSDealer Staff

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The latest tally of existing home sales from the National Association of Realtors shows sales at a pace of 5.38 million, that’s up 3.9% from a year ago, but down 2.2% from August.

Meanwhile, nine out of the ten hardware and building supply stocks have gravitated to the growth quadrant of the HBSDealer Stock Roundup. Leading the charge are BLDR, BMC an SHW, in that order.

Gas prices continue to hold steady at a national average of $2.62 per gallon of regular.

Metrics to watch next week include Consumer Confidence, to be released Oct. 29, and the employment situation report, to be released Nov. 1.

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