Housing Stocks Sinking Amid Disappointing Results From Radian, Vulcan

Housing stocks are notably lower in late-morning trading on Tuesday, as Radian Group (RDN) reported a second quarter loss versus a year-ago profit and Vulcan Materials (VMC) also posted a net loss for the second quarter.

The weakness among housing stocks has resulted in a 2.8 percent loss by the Philadelphia Housing Sector Index. Despite the drop, the index remains rangebound.