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