By the end of last year, the rebound in real estate prices and the explosive rallies in many of the homebuilding stocks had convinced the majority that this important part of the economy had turned the corner.
The data this year has continued to support a positive outlook for the home builders despite the uptick in mortgage rates over the past few months. Over the past year, the S&P Case-Shiller Index has improved monthly, and with last month's data is now just over 11% from the all-time high set in 2005.
But how do the homebuilders look technically and when do they typically seasonally bottom?
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