The monthly homebuilder index was 54 this month, flat with last month and below analysts' expectations of 56. The index comes from National Association of Home Builders and Wells Fargo. It's the first of about a dozen economic datapoints that will come out this week, the busiest of the month for economic reports.
Supervalu's stock is down 7 percent today after being downgraded from "netural" to "sell" by a Goldman Sachs analyst.
Stephen Grambling said in a report that Eden Prairie-based Supervalu will likely be hurt by cuts to the U.S. food stamp program coupled with "encroaching" competition.
Food stamps account for roughly 40 percent of sales at Supervalu's national low-discount chain, Save-A-Lot, the report said.
Supervalu's stock was trading $6.40, down 48 cents. The company's shares are well above their 52-week low of $2.27, but have fallen from their yearly high of $8.76, which was hit last month.