Homebuilders Very Strong as Toll's Better-Than-Expected Results Bode Well for the Group (TOL, XHB, DHI, LEN, more)
More News related to DHI
- D.R. Horton, Inc. Presentation at the J. P. Morgan SMid Cap Conference 2009 to be Webcast Live on December 3, 2009
- Notable Analyst Rating Changes 11/23: SBUX, DE, SEED, NDAQ Upgraded; AGU, TRA, CIEN, FL Downgraded
- Citigroup Upgrades DR Horton (DHI) to Hold
- Unusual 11 Mid-Day Movers 11/20: GGR, TTIL, INO, NLST Higher; EFUT, HAWK, ADCT, DHI Lower
- Notable Midday ETF Movers 11/20: XLV, EWJ Higher; XHB, XLE, SMH Lower
More News related to KBH
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- Homeowner Files Class-Action Lawsuit Against Texas' KB Home, Hagens Berman Announces
- Homebuilders Very Strong as Toll's Better-Than-Expected Results Bode Well for the Group (TOL, XHB, DHI, LEN, more)
- Homebuyers May Qualify for Newly Extended Federal Tax Credit on a New KB Home
More News related to LEN
- Lennar's Presentation at the UBS Building & Building Products Seventh Annual CEO Conference To Be Webcast Live
- Homebuilders Very Strong as Toll's Better-Than-Expected Results Bode Well for the Group (TOL, XHB, DHI, LEN, more)
- Credit Suisse Upgrades Lennar (LEN) to Outperform
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- Beacon Equity Issues Trading Outlook for Beazer Homes USA Inc.
The majority of the homebuilding group is moving sharply higher today following Toll Brothers (NYSE: TOL) strong preliminary Q4 results, reported in a Form 8-K which was filed last night after the market closed. The SPDR S&P Homebuilders ETF (NYSE: XHB), commonly referred to as just "the XHB", is up more than 3% today, while, just an hour before the closing bell, shares of Toll are up more than 17%.
Notably, Toll Brothers' management started a conference call at 2pm ET. Stay tuned for updates from the call.
Elsewhere in the sector:
- DR Horton (NYSE: DHI) up 6.4% to $12.44
- Lennar (NYSE: LEN) up 6.6% to $15.24
- Pulte Homes (NYSE: PHM) up 7.9% to $10.21
- KB Home (NYSE: KBH) up 6.4% to $15.62
- Ryland (NYSE: RYL) up 5.9% to $20.19
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