Homebuilders Higher On Hope Tax Credit Will Be Extended, Possibly Expanded (XHB)

October 8, 2009 1:08 PM EDT

Homebuilders are higher today on news the Obama administration and Congressional leaders are working on a plan to extend the expiring $8,000 tax credit for first-time home buyers. The program could not only be extended but it could be expanded. Some in the housing industry want the credit pushed to $15,000.

Broadly the sector is up 4.5% today, as represented by the ETF SPDR S&P Homebuilders (NYSE: XHB).

Homebuilder stocks:

• Ryland Group Inc. (NYSE: RYL)
  
• NVR Inc. (NYSE: NVR)
  
• Meritage Homes Corporation (NYSE: MTH)
  
• Lennar Corp. (NYSE: LEN)
  
• Toll Brothers Inc. (NYSE: TOL)
  
• Standard Pacific Corp. (NYSE: SPF)
  
• DR Horton Inc. (NYSE: DHI)
  
• KB Home (NYSE: KBH)
  
• M/I Homes, Inc. (NYSE: MHO)
  
• Pulte Homes Inc. (NYSE: PHM)
  
• Beazer Homes USA Inc. (NYSE: BZH)
  
• Hovnanian Enterprises Inc. (NYSE: HOV)
  
• MDC Holdings Inc. (NYSE: MDC)

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