Home builder stocks are a big winner on Thursday after upbeat results from PulteGroup (PHM), which is leading the S&P 500 higher.

PHM beat earnings and revenue targets last quarter. Also, the company’s 3Q average closing price of $310,000 topped estimates of $299,100. Small-cap M/I Homes (MHO) reported better-than-expected results as well, also topping EPS and revenue targets.

Adding to the positive news was word from Freddie Mac that the average rate on the 30-year fixed mortgage fell to a 4-month low. Thanks to the home builders, the consumer discretionary sector is the top-performing group on Thursday, up 0.8%.

The 16 stocks below are up an average of 4% as of 12:30pm ET, compared with just 0.3% for the S&P 500:

Homebuilders Surge

 

Company

Market
Cap

(PHM) PulteGroup, Inc.

$6,054.36

(MHO) M/I Homes, Inc.

$445.51

(RYL) The Ryland Group, Inc.

$1,756.39

(TPH) TRI Pointe Homes, Inc.

$431.63

(MDC) M.D.C. Holdings, Inc.

$1,368.84

(KBH) KB Home

$1,378.75

(SPF) Standard Pacific Corp.

$2,060.56

(DHI) D.R. Horton, Inc.

$5,807.85

(MTH) Meritage Homes Corporation

$1,442.49

(NVR) NVR, Inc.

$4,207.40

(HOV) Hovnanian Enterprises, Inc.
Class A

$687.65

(TOL) Toll Brothers, Inc.

$5,120.68

(LEN) Lennar Corporation
Class A

$6,510.30

(TMHC) Taylor Morrison Home Corp.
Class A

$2,629.64

(BZH) Beazer Homes USA, Inc.

$427.26

(BRP) Brookfield Residential
Properties Inc.

$2,474.37

Homebuilder stocks drive the consumer discretionary sector: