Sign in to comment!


Market Brief

Pulte Provokes Home Builder Rally

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




(PHM) PulteGroup, Inc.


(MHO) M/I Homes, Inc.


(RYL) The Ryland Group, Inc.


(TPH) TRI Pointe Homes, Inc.


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


(KBH) KB Home


(SPF) Standard Pacific Corp.


(DHI) D.R. Horton, Inc.


(MTH) Meritage Homes Corporation


(NVR) NVR, Inc.


(HOV) Hovnanian Enterprises, Inc.
Class A


(TOL) Toll Brothers, Inc.


(LEN) Lennar Corporation
Class A


(TMHC) Taylor Morrison Home Corp.
Class A


(BZH) Beazer Homes USA, Inc.


(BRP) Brookfield Residential
Properties Inc.


Homebuilder stocks drive the consumer discretionary sector: