Homebuilders Add to Recent Gains on Strong Pending Home Sales Number
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Homebuilder are strong again this morning following another solid housing datapoint. Today, May Pending Home Sales showed a gain of 6.1% versus an expected 1.5% rise.
Below are some notable moves:
- D.R. Horton, Inc. (NYSE: DHI) +3.2%
- Pulte Group (NYSE: PHM) +1.3%
- KB Home (NYSE: KBH) +0.8%
- Lennar Corp. (NYSE: LEN) +1.9%
- Standard Pacific Corp. (NYSE: SPF) 1.2%
- Toll Brothers, Inc. (NYSE: TOL) 1.3%
- Ryland Group, Inc. (NYSE: RYL) 1.5%
- Meritage Homes Corp. (NYSE: MTH) +1.7%
- Beazer Homes USA, Inc. (NYSE: BZH) +0.8%
- SPDR S&P Homebuilders ETF (NYSE: XHB) +1%
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