Housing-related stocks are coming under pressure today after building permits, a reliable gauge of future housing activity, fell more than expected in December. Still, last month’s reading, a seasonally adjusted annualized rate of 986,000, is just slightly below November’s 5 ½-year high. And housing starts came in slightly above forecasts, with November’s tally revised upward to a fresh 6-year high.

The stocks have been under pressure for months on worries that rising interest rates will hinder the recovery in housing. So far, the data suggest that the housing market has been able to absorb moderately higher borrowing costs. But investors clearly aren’t waiting around for any potential problems to materialize.

The 16 home builder stocks below are down 5.3% in 2014, compared with just a 0.3% slump in the broader S&P 500 (GSPC):

Home Builder Stocks Under Pressure

 

Company

Market Cap

Last

Change

% Chg

YTD

(HOV) Hovnanian Enterprises, Inc. Class A

$833.12

5.96

-0.13

-2.13%

-9.97%

(SPF) Standard Pacific Corp.

$2,388.97

8.54

-0.16

-1.84%

-5.64%

(LEN) Lennar Corporation Class A

$7,335.28

37.73

-0.70

-1.82%

-4.63%

(RYL) The Ryland Group, Inc.

$1,921.30

41.55

-0.73

-1.73%

-4.28%

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

$1,505.20

30.77

-0.50

-1.60%

-4.56%

(PHM) PulteGroup, Inc.

$7,418.67

19.41

-0.28

-1.42%

-4.71%

(DHI) D.R. Horton, Inc.

$6,977.18

21.63

-0.29

-1.32%

-3.09%

(KBH) KB Home

$1,679.99

17.82

-0.21

-1.16%

-2.52%

(MTH) Meritage Homes Corporation

$1,725.17

45.24

-0.41

-0.90%

-5.73%

(TOL) Toll Brothers, Inc.

$6,360.91

35.96

-0.30

-0.84%

-2.82%

(MHO) M/I Homes, Inc.

$610.41

25.07

-0.18

-0.71%

-1.49%

(TMHC) Taylor Morrison Home Corp.

$2,449.85

20.03

-0.11

-0.55%

-10.78%

(BRP) Brookfield Residential Properties

$2,634.26

22.75

-0.12

-0.52%

-5.95%

(NVR) NVR, Inc.

$4,598.07

1013.00

-3.17

-0.31%

-1.27%

(BZH) Beazer Homes USA, Inc.

$568.04

22.58

0.06

0.27%

-7.53%

(TPH) TRI Pointe Homes, Inc.

$562.76

17.98

0.50

2.86%

-9.78%

Companies with direct exposure to the housing market, including retailers like Home Depot and Lowes, and companies that make the “stuff” that goes into building a home, are falling along with the home builders.  The names below are down sharply today, and are off 2.6% so far this year:

Home Construction Stocks Stumble in 2014

 

Company

Business

Last

Change

% Chg

YTD

(TREX) Trex Company, Inc. Composite decking and railings

70.02

-2.72

-3.74%

-11.96%

(GNRC) Generac Holdings Inc. Electric generators

49.48

-1.41

-2.77%

-12.64%

(MAS) Masco Corporation Plumbing fixtures, cabinets

22.48

-0.60

-2.60%

-1.27%

(LPX) Louisiana-Pacific Corporation Plywood, Oriented Strand Board

17.49

-0.36

-2.02%

-5.51%

(JHX) James Hardie Industries Fiber cement products, wallboard

58.00

-1.01

-1.71%

1.10%

(OC) Owens Corning Insulation, roofing shingles

40.50

-0.59

-1.44%

-0.54%

(UFPI) Universal Forest Products, Inc. Lumber, plywood, particle board

51.79

-0.72

-1.37%

-0.67%

(MHK) Mohawk Industries, Inc. Flooring: carpets, tiles, laminates

147.59

-1.99

-1.33%

-0.88%

(LEG) Leggett & Platt, Incorporated Bedding & furniture support springs

29.76

-0.34

-1.13%

-3.81%

(USG) USG Corporation Gypsum wallboard

31.63

-0.35

-1.09%

11.45%

(WHR) Whirlpool Corporation Household appliances

157.90

-1.17

-0.74%

0.66%

(BECN) Beacon Roofing Supply, Inc. Asphalt shingles, tiles

39.96

-0.32

-0.79%

-0.79%

(ETH) Ethan Allen Interiors Inc. Home furnishings

26.81

-0.17

-0.63%

-11.87%

(VMC) Vulcan Materials Company Concrete & asphalt

59.60

-0.31

-0.52%

0.30%

(HD) The Home Depot, Inc. Home improvement retailer

80.97

-0.29

-0.36%

-1.66%

(LOW) Lowe's Companies, Inc. Home improvement retailer

47.83

-0.17

-0.35%

-3.47%