Bulletin
Investor Alert

Market Pulse Archives

Dec. 18, 2018, 12:52 p.m. EST

Homebuilder stocks in broad rally after upbeat government data on housing starts

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    SPDR S&P Homebuilders ETF (XHB)
  • X
    S&P 500 Index (SPX)
  • X
    D.R. Horton Inc. (DHI)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Homebuilder stocks were broadly higher Tuesday, as they outperformed the broader stock market, after upbeat government data on housing starts for November. The SPDR S&P Homebuilders ETF /zigman2/quotes/202739297/composite XHB -0.59% hiked up 2.5% in midday trade, with 34 of its 35 equity components trading higher. Meanwhile, the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% rose 0.8%. Among the homebuilder ETF's most active components, shares of D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI +0.44% shot up 5.4%, PulteGroup Inc. /zigman2/quotes/201694804/composite PHM +0.27% rallied 4.1%, Lennar Corp. /zigman2/quotes/202536373/composite LEN -0.45% climbed 4.4%, Toll Brothers Inc. /zigman2/quotes/201912487/composite TOL -4.88% tacked on 3.8% and TRI Pointe Group Inc. /zigman2/quotes/204302452/composite TPH +0.51% rose 4.0%. Earlier, the Commerce Department said housing starts ran at a seasonally adjusted annual rate of 1.256 million last month, beating the MarketWatch consensus for a 1.23 million pace. That follows a string of downbeat housing market data, including the National Association of Home Builders saying Monday that its monthly confidence index fell to a 3 1/2-year low in December. Despite Tuesday's rally, the homebuilder ETF was still down 16.6% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% was 11.6% lower.

Read the full story:
Stocks stage modest rebound ahead of Fed decision, but fail to end at best levels

/zigman2/quotes/202739297/composite
US : U.S.: NYSE Arca
$ 45.60
-0.27 -0.59%
Volume: 937,554
Dec. 10, 2019 8:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,132.52
-3.44 -0.11%
Volume: 1.66B
Dec. 10, 2019 5:12p
loading...
/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 55.13
+0.24 +0.44%
Volume: 2.90M
Dec. 10, 2019 6:30p
P/E Ratio
12.84
Dividend Yield
1.27%
Market Cap
$20.23 billion
Rev. per Employee
$1.93M
loading...
/zigman2/quotes/201694804/composite
US : U.S.: NYSE
$ 40.27
+0.11 +0.27%
Volume: 2.21M
Dec. 10, 2019 6:30p
P/E Ratio
12.28
Dividend Yield
1.19%
Market Cap
$10.88 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 59.13
-0.27 -0.45%
Volume: 1.78M
Dec. 10, 2019 6:30p
P/E Ratio
9.78
Dividend Yield
0.27%
Market Cap
$18.87 billion
Rev. per Employee
$1.77M
loading...
/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 39.40
-2.02 -4.88%
Volume: 4.91M
Dec. 10, 2019 6:30p
P/E Ratio
9.75
Dividend Yield
1.12%
Market Cap
$5.82 billion
Rev. per Employee
$1.50M
loading...
/zigman2/quotes/204302452/composite
US : U.S.: NYSE
$ 15.83
+0.08 +0.51%
Volume: 2.99M
Dec. 10, 2019 6:30p
P/E Ratio
11.94
Dividend Yield
N/A
Market Cap
$2.19 billion
Rev. per Employee
$2.27M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,132.52
-3.44 -0.11%
Volume: 1.66B
Dec. 10, 2019 5:12p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.