Home builders rallied Tuesday, led by D.R. Horton (DHI), which reported stronger-than-expected earnings and revenue amid continued improvement in market conditions.

Tuesday’s announcement follows strong numbers yesterday from NVR (NVR).

This will raise the bar for the others that are due to report results in the coming days: M/I Homes (MHO) Wednesday, PulteGroup (PHM) and Ryland (RYL) on Friday, and M.D.C Holdings (MDC), Meritage Homes (MTH), and Standard Pacific (SPF) out next week.  Despite Tuesday’s surge, the group is down an average of 3.5% in January on worries that rising borrowing costs will crimp sales.  

Home Builder Stocks Surge

 

Company

Market Cap

Last

Change

% Chg

YTD

(DHI)

D.R. Horton, Inc.

$6,977.18

22.84

1.90

9.07%

2.33%

(MHO)

M/I Homes, Inc.

$610.41

25.18

1.36

5.71%

-1.06%

(LEN)

Lennar Corporation Class A

$7,335.28

38.95

2.08

5.65%

-1.54%

(KBH)

KB Home

$1,679.99

18.45

0.90

5.13%

0.93%

(SPF)

Standard Pacific Corp.

$2,388.97

8.72

0.36

4.31%

-3.65%

(HOV)

Hovnanian Enterprises, Inc. Class A

$833.12

5.96

0.23

4.01%

-9.97%

(RYL)

The Ryland Group, Inc.

$1,921.30

43.25

1.69

4.07%

-0.37%

(BZH)

Beazer Homes USA, Inc.

$568.04

22.34

0.87

4.05%

-8.52%

(MDC)

M.D.C. Holdings, Inc.

$1,505.20

30.44

1.18

4.03%

-5.58%

(TPH)

TRI Pointe Homes, Inc.

$562.76

18.04

0.69

3.98%

-9.48%

(TOL)

Toll Brothers, Inc.

$6,360.91

36.39

1.39

3.97%

-1.65%

(PHM)

PulteGroup, Inc.

$7,418.67

19.40

0.69

3.69%

-4.76%

(TMHC)

Taylor Morrison Home Corp. Class A

$2,449.85

20.50

0.72

3.64%

-8.69%

(BRP)

Brookfield Residential Properties Inc.

$2,634.26

22.50

0.73

3.35%

-6.99%

(MTH)

Meritage Homes Corporation

$1,725.17

46.42

1.48

3.29%

-3.27%

(NVR)

NVR, Inc.

$4,598.07

1089.85

28.56

2.69%

6.22%