WASHINGTON(Reuters)-HomeresalesroseinAugusttotheirhighestrateinmorethantwoyearsandgroundbreakingonnewhomesalsoclimbed,signsthatabuddinghousingmarketrecoveryisgainingtraction.TheNationalAssociationofRealtorssaidonWednesdaythatexistinghomesalesincreased7.8percentlastmonthtoanannualrateof4.82millionunits.Thatwaswellaboveeconomists'expectationsandthefastestratesinceMay2010whenactiv...
NEWYORK(Reuters)-U.S.stocksroseonWednesdayasinvestorsdippedbackintothemarketaftertherecentpullbackfromarallythatliftedtheS&P500tojustshyoffive-yearhighs.Housingstocksrankedamongtheday'sleadersfollowingstronger-than-expecteddataonhomesales.ThePHLXhousingsectorindexjumped2.2percent,ledbya4.3percentadvanceinPulteGroup,thesecond-largestU.S.homebuilder,to$16.43.U.S.homeresa...