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Free fall. (stocks of home builders fall)

By Mistone, Erik
Publication: Florida Trend
Date: Wednesday, February 1 1995

Housing stocks fell sharply in 1994. And analysts don't like their chances much this year, either.

Last year was a lousy year on Wall Street. The S&P 500 fell 1.55%. But for really terrible results, little compared to housing stocks.

Nationwide, stocks of home builders plunged up to 50% and more as Alan Greenspan and his band of inflation fighters at the Federal Reserve hiked interest rates six times. Florida's home builders weren't spared. Stocks of Oriole Homes, Engle Homes, Lennar and other Florida companies fell sharply. And despite near-record home sales, ma

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