Homebuilders (XHB) On Watch on Strong Housing Start Number

Homebuilder stocks, via ETF SPDR S&P Homebuilders (NYSE: XHB), are on watch Wedneday following a strong housing start number. Housing starts were 872,000 versus an expected 770,000. Building permits were 894,000 versus 810,000.

Stocks:
Toll Brothers Inc. (NYSE: TOL), Lennar Corp. (NYSE: LEN), PulteGroup, Inc. (NYSE: PHM), Lennar Corp. (NYSE: LEN), DR Horton Inc. (NYSE: DHI), KB Home (NYSE: KBH), Beazer Homes USA Inc. (NYSE: BZH), Ryland Group Inc. (NYSE: RYL).

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