Housing Stocks Shine On Wall Street Amid Strong Demand
New York AP reports housing stocks led market gains with a 25 percent 12 month rise among 96 industry groups. Analysts cite low rates improving economies and rising consumer confidence as key drivers. LA earthquake sparked rebuilding optimism, while cold weather restrained activity and January housing starts data may drop. Fed tightening adds uncertainty, yet many analysts expect momentum to continue in 1994.
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John Blackwell
Ladenburg, Thalmann & Co
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Stephen Roach
Morgan Stanley & Co
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