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REITs, Other Stocks With Housing Link Are Lifted By Storm.(INSIDE REAL ESTATE)
Byline: Laura Mandaro
Investors expecting massive rebuilding and relocation after this week's hurricane drove up shares of some REITs, manufactured home builders and construction firms.
At Thursday's close, IBD's Finance-REIT index was up 2.5% from Monday, the building-mobile manufacturing group had jumped 9% and building-construction materials had risen 7%.
Up to 1 million people were left homeless as Hurricane Katrina's devastating floods and winds drove them from homes, destroying many.
With New ...
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