Homebuilder Stocks Jump Higher On Positive Analyst Comments (XHB, TOL, SPF, DHI, more...)

Homebuilder stocks are higher today, as represented by the 5% move up in the ETF SPDR S&P Homebuilders (NYSE: XHB). There are a couple of positive analyst calls. We are also hearing that the move could be in part technical.

Analysts at Credit Suisse expect more consolidation in the group, saying Ryland (NYSE: RYL), Toll Brothers (NSYE: TOL) and MDC Holdings (NYSE: MDC) are the best takeover candidates.

Analysts at Wachovia said due to low interest rates, aggressive pricing and federal tax credit program for first-time homebuyers, field data from new builders is improving.

Individual names that are on the move include:

• Lennar Corp. (NYSE: LEN) +13%
  
• Toll Brothers Inc. (NYSE: TOL) +5%
  
• Standard Pacific Corp. (NYSE: SPF) +28%
  
• DR Horton Inc. (NYSE: DHI) +9%
  
• KB Home (NYSE: KBH) +13%
  
• M/I Homes, Inc. (NYSE: MHO) +15%
  
• Pulte Homes Inc. (NYSE: PHM) +5%
  
• MDC Holdings Inc. (NYSE: MDC) +8%
  
• Ryland Group Inc. (NYSE: RYL) +7%
  
• Beazer Homes USA Inc. (NYSE: BZH) +9%
  
• NVR Inc. (NYSE: NVR) +4.5%
  
• Meritage Homes Corporation (NYSE: MTH) +7.7%
  
• Hovnanian Enterprises Inc. (NYSE: HOV) +8%
  

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