U.S. home-builder stocks rallied Wednesday, boosted by existing-home sales in June that rose at the fastest pace in more than eight years. Data released Wednesday also showed median home prices hitting a record. The S&P Homebuilding sub-sector rose 2.5%, while SPDR S&P Homebuilder ETF advance 2.1%. Shares of D.R. Horton, Inc gained 3.1%, while Lennar Corp. added 2.9% and PulteGroup, Inc rose 2.4%. The sector has gained more than 8% since the start of the year, outperforming the broader index, which gained 2.7% year to date.
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